South Korea: Major mills cut scrap buy prices by up to $15/t

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South Korean steel majors will cut domestic scrap purchase prices from 29 July, as per SteelDaily.
POSCO will cut prices by KRW 20,000/t ($15/t) for all grades in Pohang and Gwangyang works.
Hyundai Steel and Dongkuk Steel will trim prices by KRW 10,000/t ($8/t). The former will cut prices for its Incheon and Dangjin steelworks while the latter for its Incheon plant.

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