South Korea: Major mills to raise scrap buy prices by up to $12/t

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South Korean steel mills plan to raise scrap purchase prices for all grades effective 28 Feb’22, as per SteelDaily.
Hyundai’s Incheon, Dangjin will lift prices by KRW 12,000/t ($10), whereas the Pohang plant has planned a hike of KRW 15,000/t ($12).
Dongkuk’s Incheon will raise prices by KRW 12,000 ($10) until 5 March and the Pohang plant by up to KRW 15,000/t ($12).
SeAH Besteel will increase prices by KRW 10,000/t ($8) for saengcheol and KRW 12,000/t ($10) for other grades.

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