South Korea: Major steel mills to reduce scrap buy prices by $8/t

—

South Korea’s major steel-makers POSCO and Hyundai Steel will cut domestic scrap purchase prices, as per Steel Daily.
Hyundai Steel will trim prices from 20 June for its Pohang steelworks, while POSCO might reduce prices from 17 Jun’22 for the Gwangyang and Pohang plants.
The companies will slash purchase prices of all grades of scrap by KRW 10,000/t ($8/t).

Comments