- South Korean steel majors – Hyundai Steel, Dongkuk, Daehan, YK Steel, and SeAh Besteel have trimmed their scrap purchase prices by KRW 10,000/t ($8/t), effective 11 Jan’23, as per SteelDaily’s reports.
- Hyundai Steel and Dongkuk Steel cut prices by KRW 10,000/t ($8/t) for their Pohang plant. Similarly, SeAh Besteel, Daehan, and YK Steel cut prices by the same quantum for all scrap grades after consecutive hikes.
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