Tag: scrap price cuts

South Korea: Major mills reduce scrap procurement prices by up to $7/t

Apr 1, 2025

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by

Adarsh Ramteke

in Melting Scrap

South Korea’s major steelmakers will reduce steel scrap purchase prices by KRW 10/kg ($7/t) starting this week: Korea Special Steel and Korea Iron and Steel will lower prices from 4 April. Hwanyang Steel will cut prices from 3 April. Dongkuk Steel will reduce prices at its Incheon plant from 3 April and at Pohang plant…