South Korea: Major steel mills to lower scrap purchase prices by $15/t

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South Korean steel giants to reduce their scrap purchase prices by KRW 20,000/t ($15/t), effective 14 Nov’22, as per SteelDaily reports.
SeAH besteel, Daehan Steel, YK steel, and Hyundai Steel to reduce the buying prices by KRW 20,000/t for all grades.
Similarly, POSCO to reduce prices for its Gwangyang and Pohang plants, followed by Dongkuk for its Incheon and Pohang plants.

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