South Korea local ferrous scrap bids slip, more room for downside seen

摘要

Singapore—The South Korean domestic light scrap market saw local bids slipping alongside weaker import prices, and with some mills predicting further cuts in the coming days, sources said. Bids for Light A scrap, similar to Japanese H2 material, for delivery to southern mills, were heard in a range of Won 300,000-310,000/ mt ($256-$264/mt), with its midpoint down Won 5,000/mt from a week ago.