Tag: Gwangyang Steelworks

South Korea: Leading mills cut scrap procurement prices by $7/t

Nov 6, 2024

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by

Adarsh Ramteke

in Melting Scrap

SteelDaily: Major South Korean steel mills, including Daehan Steel, YK Steel, and the off-site yards of POSCO’s Gwangyang and Pohang Steelworks, reduced procurement prices of all grades of ferrous scrap by KRW 10,000/t ($7/t). These price revisions will take effect from 11 Nov’24.