Tag: Japan: Hwan Steel announces steel scrap price hike

South Korea’s Hwan Steel will increase the purchase prices of all steel scrap by KRW 10,000/t ($7/t), starting 20 Sep’24. Heavyweight items (A-Premium, B-Standard, MB-Mixed Bundle) will see an additional KRW 10,000/t ($7/t) rise until 5 Oct’24. This marks the first official price increase in about eight months, excluding special or contract deals. Additionally, deliveries…