South Korea continued to purchase heavy melting scrap this week on stable demand from a major steel mill.
A 20,000-tonne cargo of HMS 1&2 (80:20) quality from New Zealand was transacted at $354 per tonne cfr South Korea this week, market sources said.Demand from South Korea has been regular in recent weeks, with South Korean steel mills entering the spot market again after bellwether Turkish import prices rebounded from the end of August.Transactions were mainly concluded in the $355-359...