South Korea: Major mills slash domestic scrap prices by up to $8/t

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South Korean steel majors – Hyundai Steel, SeAH Steel, and Dongkuk Steel – plan to lower domestic scrap prices of all grades for the second time this week.
Mills will cut scrap prices by up to KRW 10,000/t ($8/t) from 11 July, as per Steel Daily.
Hyundai Steel will trim prices for Pohang steelworks and Dongkuk Steel for Incheon plants.

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