Tag: south korea domestic scrap price
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South Korea: Major steel mills to raise domestic scrap purchase prices by $15/t
South Korea’s major steelmakers plan to increase domestic scrap purchase prices by KRW 20,000/t ($15/t), as per a Steel Daily report. POSCO’s Pohang and Gangyang plants, Dongkuk’s Pohang works, and Hwan Steel will raise prices for all grades effective 23 Aug’22. SeAH (Besteel and Changwon) will increase scrap prices from 24 Aug.