Tag: south korea domestic scrap price

South Korea: Major steel mills to cut scrap procurement prices by up to $15/t

Aug 10, 2022

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by

Anshuman

in Melting Scrap

South Korean steel majors will cut domestic scrap purchase prices, as per SteelDaily. POSCO to cut prices by KRW 15,000/t ($11/t) for saengcheol and weight A grades for Pohang and Gwangyang. Other grades will be lowered by KRW 10,000/t ($8/t). SeAH Changwon Steel will cut prices by KRW 20,000/t ($15/t) and Hyundai, Daehan and YK…