South Korea: Dongkuk Steel defers scrap purchase price cut

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South Korean steel major Dongkuk Steel has deferred its scrap purchase price cut, Steel Daily reported.
The company had planned to lower prices by KRW 10,000/t ($8) on 18 Sep’21.
However, the price cut has been deferred until the end of Sep in order to secure deliveries, signalling limited chances of price correction.

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