Tag: Pohang Steel

South Korea: Hyundai Steel, Hwanyang Steel to reduce scrap procurement prices by $7/t

Oct 15, 2024

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by

Adarsh Ramteke

in Melting Scrap

Major South Korean steel mills are set to reduce their scrap procurement prices by KRW 10,000/t ($7/t) for all grades of ferrous scrap. Hwanyang Steel has announced a price reduction of KRW 10,000/t ($7/t), effective from 17 Oct’24. Similarly, Hyundai Steel’s Pohang plant will also reduce its scrap purchase prices by KRW 10,000/t ($7/t) for…