South Korea: Domestic scrap prices rise further by $15/t

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South Korea’s major steelmakers are increasing domestic scrap procurement prices by KRW 20,000/t ($15/t) effective 6 Sep’22, as per a Steel Daily report.
POSCO will raise prices for the Gwangyang and Pohang plants, while SeAH will lift prices for Besteel and Changwon.
The country imported 320,000 t of scrap in Jul against 370,000 t in Jun, down 14% m-o-m.

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