Tag: scrap steel price adjustment
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South Korea: Major mills reduce scrap procurement prices by up to $10/t
Major South Korean steel mills, including Dongkuk Steel’s Pohang plant, will reduce the purchase prices of most grades of ferrous scrap by KRW 10,000/t ($7/t), effective 11 Dec’24. However, prices of lightweight and shelf items will be cut by KRW 15,000/t ($10/t). Daehan Steel and YK Steel will implement the same reduction from 9 Dec’24,…