Hyundai steel skips tender Major South Korean steelmaker Hyundai Steel did not issue a tender for seaborne scrap in the week to May 25, while other mills were also muted in activity.

          “[Mills] seem to be very conservative for purchases at the moment,” a South Korean trader said. a second South Korean trader “Korean mills intentionally reject the market now,” said .

          Bidding prices for South Korean Light A and Heavy A scrap fell, with the H2-equivalent Light A grade falling to Won 490,000/mt ($369/mt) and Heavy A also down Won 5,000/mt to Won 510,000/ mt week on week, according to a market source.