It is reported that South Korean steel mills transferred the material purchase to Russia from South Korea. The latest Russian A3 scrap has been settled at US$377/ton, while the American scrap reached US$385/ton.

For the high price of American scrap, South Korea said it could not accept. The purchase price of American scrap from South Korean steel mills still is set in the previous US$375/ton, but the US suppliers refused the bid.

America domestic scrap steel prices is expected to be climbing further in July.