South Korea: Hyundai Steel lowers domestic scrap purchase price by $8/t

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in Melting Scrap

South Korea’s major steel mill, Hyundai Steel, cut its scrap purchase price on 27 Apr’22 for the Pohang works, as per Steel Daily.
The company slashed purchase prices of all grades of scrap by KRW 10,000/t ($8/t).
Meanwhile, the company remained largely inactive in bidding for Japan-origin scrap.

Hyundai steel domestic scrap

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