Tag: south korea domestic scrap price

South Korea: Major mills to raise scrap buy prices by up to $12/t

Feb 28, 2022

—

by

Deepika Singh

in Melting Scrap

South Korean steel mills plan to raise scrap purchase prices for all grades effective 28 Feb’22, as per SteelDaily. Hyundai’s Incheon, Dangjin will lift prices by KRW 12,000/t ($10), whereas the Pohang plant has planned a hike of KRW 15,000/t ($12). Dongkuk’s Incheon will raise prices by KRW 12,000 ($10) until 5 March and the…