South Korea: Steel mills reduce domestic scrap purchase prices

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Hyundai Steel is set to lower its scrap purchase price on 23 Nov’21 for the Incheon and Dangjin works by up to KRW 10,000/t ($8/t).
For the Pohang steelworks, too, prices of all grades have been reduced by KRW 10,000/t.
South Korean special steels producer SeAH Besteel has also lowered purchase prices for all grades by a similar margin, effective from 18 Nov.

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