Although export offer prices from the United States West Coast have ballooned over the past fortnight, low buying interest has meant that Korean steel mills are largely unwilling to raise their bid prices over the same period, sources said.
Fastmarkets heard this week that
South Korea’s two largest steelmakers will further cut their scrap purchasing over the next two months amid poor steel demand, particularly in the special and high-grade steel segment.
Fastmarkets’ price assessment for steel scrap HMS...
