Tag: south korea domestic scrap price

South Korea’s major steelmakers are increasing domestic scrap procurement prices by KRW 20,000/t ($15/t) effective 6 Sep’22, as per a Steel Daily report. POSCO will raise prices for the Gwangyang and Pohang plants, while SeAH will lift prices for Besteel and Changwon. The country imported 320,000 t of scrap in Jul against 370,000 t in…