Tag: Dingjin

South Korea: Hyundai Steel cuts scrap procurement prices by up to $7/t

Oct 14, 2024

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by

Adarsh Ramteke

in Melting Scrap

Hyundai Steel, South Korea’s second-largest blast furnace steel producer, has announced a reduction in steel scrap purchase prices, effective 17 Oct’24. The company will reduce the purchase prices of all grades of steel scrap by KRW 10,000/t ($7/t) at its Incheon and Dangjin plants, in response to current market conditions.