South Korea: Major mills increase scrap purchase prices by up to $23/t

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South Korean steel mills increased their scrap purchase prices by up to KRW 30,000/t ($23/t) from 20 Dec, as per SteelDaily reports.
Hyundai Steel (for Incheon and Dangjin plants), SeAh Besteel increased scrap buy prices by KRW 20,000($16/t), and POSCO Steel (for Gyangwang & Pohang works) raised prices by KRW 30,000 ($23/t).
Mills increased prices on a rising demand for scrap in the domestic market.

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