Tag: scrap prices cut
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South Korea: Major mills reduce scrap procurement prices by up to $14/t
Major South Korean mills have lowered scrap procurement prices for all grades: POSCO’s Gwangyang and Pohang, Daehan Steel, and YK Steel’s Gupyeong and Noksan cut prices by KRW 10,000/t ($7/t), except KRW 20,000/t ($14/t) for lightweight and processed products. Hyundai Steel’s Pohang Plant cut prices by KRW 10,000/t ($7/t) effective 27 Nov, while Korea Iron…