South Korea: Major mills cut scrap buy prices by up to $15/t

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South Korean steel majors are likely to cut domestic scrap purchase prices from 21 July, as per SteelDaily.
POSCO and SeAH Besteel will cut prices by KRW 20,000/t ($15/t) with POSCO lowering prices for Pohang and Gwangyang works.
Hyundai Steel and Dongkuk Steel will trim prices by KRW 10,000/t ($8/t) with the former lowering prices for its Pohang, Incheon, and Dangjin steelworks while the latter for its Incheon plant.

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