Tag: scrap iron price increase

South Korea: Major mills hike scrap procurement prices by up to $10/t

Feb 11, 2025

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by

Adarsh Ramteke

in Melting Scrap

South Korea’s major steelmakers raised steel scrap purchase prices from 11 Feb’25. Hwanyang Steel, Korea Special Steel, Daehan Steel, YK Steel, and Dongkuk Steel’s Incheon Plant raised prices by KRW 10,000/t ($7/t) for all grades. SeAH Besteel raised tags by KRW 10,000/t ($7/t) for most grades, with a KRW 15,000/t ($10/t) increase for certain raw…