South Korea: Hyundai Steel likely to resume scrap procurement from 2nd week of Oct

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Hyundai Steel’s Pohang works is expected to resume scrap procurement activity from the second week of Oct’22 which has been on a halt due to flooding.
The steelmaker is inducing deliveries to its Dangjin plant but suppliers are facing issues to deliver to the plant.
Hence, amid concerns of a drop in their yard sales, suppliers are shifting to other steel producers.

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