South Korean Steel Mill Books Russian Bulk Scrap Cargo

Dongkuk Steel Mill one of the largest EAF steel producers in South Korea has reportedly booked a bulk vessel of 10,000 MT cargo from Russia, for A3 grade scrap. The booking has reportedly been concluded at price level of USD 265/MT CFR South Korea.

Prior to this, last Russian scrap cargo booking was reported in Aug'19.

Meanwhile, South Korean leading EAF steelmaker Hyundai steel also bid for the Russian origin scrap at USD 263/MT CFR level, last week, however, it was not disclosed whether the deal was concluded or not.

~Inputs from Steel Daily