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

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South Korean steel mills will slash their scrap buy prices by up to KRW 20,000/t ($15/t).
Hyundai Steel (at the electric mill) will cut prices from 22 Nov.
Dongkuk Steel (Incheon & Pohang works), Hwan Steel, Daehan Steel, and YK Steel will cut prices from 22 Nov.
Similarly, POSCO Steel will reduce scrap buy prices by KRW 10,000/t ($7/t) from 22 Nov.

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