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

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South Korean steel majors will cut domestic scrap purchase prices, as per SteelDaily.
POSCO to cut prices by KRW 15,000/t ($11/t) for saengcheol and weight A grades for Pohang and Gwangyang. Other grades will be lowered by KRW 10,000/t ($8/t).
SeAH Changwon Steel will cut prices by KRW 20,000/t ($15/t) and Hyundai, Daehan and YK Steel by KRW 10,000/t ($8/t) for all grades.

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