Tag: Korea steel scrap market

South Korea’s mills have announced fresh scrap price cuts as supply improves. POSCO paused its KRW 10/kg ($7/t) transport subsidy at Gwangyang from 14 Feb, effectively reducing purchase prices. The subsidy was introduced in January to help cover delivery and logistics costs to Gwangyang Steelworks. SeAH Changwon Special Steel will also cut prices by KRW…