SteelMint

Tag: KRW 10/kg price cut

  • South Korea: Major mills to reduce scrap procurement prices

    South Korea: Major mills to reduce scrap procurement prices

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    by

    Aditi Sen
    in

    South Korea’s leading steel producers will cut steel scrap purchase prices by KRW 10,000/t ($7/t) across all grades. SeAH Changwon Special Steel and Dongkuk Steel’s Pohang plant will implement the reduction from 21 Apr’25, while Hyundai Steel’s Pohang plant will follow on 19 Apr. Taewoong will implement the price reduction from 18 Apr, with raw…