South Korea’s major steelmakers have lowered scrap purchase prices on subdued demand. Hyundai Steel will reduce prices by KRW 10/kg ($7/t) for all grades at its Incheon and Dangjin plants starting 28 Jun’25. Dongkuk Steel’s Incheon plant implemented a similar KRW 10/kg ($7/t) cut from 24 Jun. Earlier, on 20 Jun, SeAH Changwon Special Steel cut prices for heavy scrap A by KRW 10/kg ($7/t).
South Korea: Major steel mills slash scrap procurement prices
Dangjin scrap market Dongkuk Steel scrap update heavy scrap A price cut Hyundai Steel scrap prices Incheon scrap prices KRW 10/kg price reduction raw material prices Korea scrap steel purchase South Korea SeAH Changwon scrap prices South Korea scrap price cut South Korea: Major steel mills to lower scrap procurement prices South Korean steelmakers scrap rates steel industry South Korea steel scrap demand South Korea
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