Tag: POSCO Steel

South Korea: Major steel mills to lower scrap purchase prices by $15/t

Nov 11, 2022

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by

Anshuman

in Melting Scrap

South Korean steel giants to reduce their scrap purchase prices by KRW 20,000/t ($15/t), effective 14 Nov’22, as per SteelDaily reports. SeAH besteel, Daehan Steel, YK steel, and Hyundai Steel to reduce the buying prices by KRW 20,000/t for all grades. Similarly, POSCO to reduce prices for its Gwangyang and Pohang plants, followed by Dongkuk…