South Korea: Hyundai Steel to cut scrap procurement prices by $14/t

  • South Korean steel major Hyundai Steel is likely to cut scrap purchase prices, as per SteelDaily reports.
  • The company may cut prices for its Pohang plant by KRW 20,000/t ($14/t) of all grades, effective from 28 Sept.
  • The company has also lowered bids for Japanese H2 scrap today.

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