South Korea: Major mills to raise scrap purchase prices by up to $10/t

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South Korean steel mills plan to raise scrap buying prices for steel grades scrap, as per SteelDaily reports.
POSCO’s Gwangyang and Pohang plant will raise prices by KRW 10,000 ($8), effective 7 Mar’22.
Hyundai’s Incheon, Dangjin will extend the purchase prices by KRW 12,000/t ($10), which was previously implemented till 7 Mar now extended to 14 Mar.

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