Tag: 000/t ($7/t)

South Korea: Major steel mills slash scrap purchase prices by KRW 10,000/t ($7/t)

Apr 12, 2024

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by

Anshuman

in Melting Scrap

SeAH Changwon Special Steel will reduce iron scrap purchase prices by KRW 10,000/t from 15 Apr’24. Hyundai Steel’s Pohang Works followed suit, also reducing prices by KRW 10,000/t from the same date. Korea Special Steel will enact the same reduction from 16 Apr’24. Additionally, on 16 Apr’24, Korea Steel announced a KRW 10,000/t price cut…