Tag: south korea domestic scrap price
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South Korea: Major mills to raise domestic scrap purchase prices by $13/t
Hyundai Steel, Dongkuk Steel and other producers have announced a hike in scrap purchase prices from 13 Jan’22 to 21 Jan by KRW 15,000/t ($13/t), as per SteelDaily. Dongkuk’s Incheon plant and Hwan Steel increased prices and now the company’s purchase price for Weight A is KRW 620,000/t ($522/t). Hyundai Steel raised prices for its…