Tag: South Korea domestic scrap

South Korea: Steel mills cut domestic scrap purchase prices

Nov 23, 2021

—

by

Drishya Yadav

in Melting Scrap

Major Korean steel mills such as POSCO, Dongkuk Steel, and SeAH Besteel are all lowering scrap buy prices by KRW 10,000/t ($8/t), as per SteelDaily reports. POSCO will lower purchase prices for all grades from 24 Nov’21. Dongkuk and SeAH Besteel are also set to lower prices due to scheduled deliveries of previous bookings and…