Hyundai Steel, South Korea's leading electric arc furnace mill, has maintained its bid price 

for Japanese H2 grade ferrous scrap, trading sources in Seoul and Tokyo said Friday. 

Hyundai Steel on Friday submitted a bid for Japanese H2 at Yen 24,000/mt FOB, unchang

ed from its latest bid on May 26, trading sources said. 

The South Korean mill booked about 10,000 mt at its previous bid, as reported. 

A Tokyo-based trader said the unchanged bid price by Hyundai was expected as the mark

et condition hadn't changed from the previous week. 

Another  South  Korean  EAF  mill, Dongkuk  Steel  Mill, also  collected  offers but had not 

submitted its bid price as of Friday, a source close to the company said. 

Meanwhile, Hyundai Steel was also widely heard Friday to have booked Russian A3 grade 

scrap  at $263/mt CFR South Korea, unchanged from Dongkuk's booking price during the 

late week of May 22. 

No further details regarding the exact booking volume were confirmed.