Tag: Hyundai Steel’s second scrap price cut signals softer South Korean market ahead

International scrap weakness prompts Hyundai’s second July price cut August maintenance shutdowns likely to shape near-term scrap demand Hyundai Steel has announced a second reduction in domestic scrap purchase prices for July, reflecting weaker global scrap prices, comfortable inventory levels and softer domestic market conditions. The latest adjustment, effective 20 July, follows an earlier price…