Become a customer

Hyundai Steel calls tender for 10,000 tonnes of billet

Hyundai Steel has offered a 10,000-tonne billet cargo for early October loading in a tender, sources said on Monday August 18.

August 18, 2014
By Generic people page

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The South Korean steelmaker is looking for a price no lower than $510 per tonne fob for a cargo of 122x122mm billet, one trader said. A second trader said that he too heard that Hyundai Steel had made a call for tender.

The steelmaker could not be reached for comment.

Last month, Hyundai Steel called off an export tender for a similar-sized cargo due to low bids. The highest bid was understood to have emerged at $500 per tonne fob, which it turned down.

Interested buyers for the latest tender have been asked to submit their bids by Tuesday August 19.

Juan Weik in Singapore contributed to this report.

What to read next
Dump Trucks transporting Platinum ore for processing
Suspension at South32’s GEMCO manganese ore unit rewrites demand patterns in Asia
The suspension of South32’s manganese ore operations at Groote Eylandt Mining Co (GEMCO) in Australia has been changing demand patterns among manganese ore buyers in Asia and this will benefit other manganese ore miners, market participants said on Wednesday April 24
April 26, 2024
 · 
By Holly Chant
Coils of aluminium wire at a steel plant
Brazil increases import duty to 25%; quotas include HRC, CRC, HDG, Galvalume, tubes
The Brazilian Executive Management Committee for the Foreign Trade Chamber (Gecex-Camex) decided to increase steel import duties during one year to 25%, while establishing import volume quotas for 11 steel products, according to a document published on Tuesday April 23
April 25, 2024
 · 
By Renato Rostás
Decision to discontinue lithium contract price assessments
Fastmarkets will discontinue its lithium contract price assessments, effective October 2024.
April 24, 2024
 · 
By Justin Yang
European flat steel
Electrical steel now China’s star product amid global decarbonization drive
The global decarbonization drive is turning electrical steel into one of China's key ferrous products, with electrical steel exports surging in recent years, sources told Fastmarkets
April 23, 2024
 · 
By Jessica Long
Why China’s new 2024 steel output cut policy is altering value chain dynamics
China’s National Development and Reform Commission (NDRC) will work with relevant parties to regulate crude steel production, with a focus on energy saving and reducing carbon emissions. It will also release guidance on crude steel output for different steel mills later this year after a national investigation on steel capacity
April 19, 2024
 · 
By Jessica Zong
Coils of aluminium wire at a steel plant
US low-carbon aluminium units command premium for first time
The low-carbon aluminium differential in the US made its first move on Friday April 5 since Fastmarkets launched it five months ago.
April 19, 2024
 · 
By Yasemin Esmen