Tag: south korea domestic scrap price
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South Korea: Major steel mills raise domestic scrap buy prices by up to $21/t
Hyundai Steel, Posco and Dongkuk Steel are increasing scrap purchase prices temporarily from 5 Jan’22 to 15 Jan, as per SteelDaily reports. Hyundai’s Incheon and Dangjin mills raised prices for all grades, excluding saengcheol, by KRW 25,000/t ($21/t). Posco has raised lightweight scrap prices for Gwangyang and Pohang by KRW 10,000/t ($8/t) and KRW 20,000/t…