Tag: South Korea: Major mills cut scrap procurement prices by KRW 10

South Korea: Major mills cut scrap procurement prices by KRW 10,000/t ($7/t)

Jun 5, 2024

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by

Kanishka Chhabria

in Melting Scrap

South Korean steel manufacturers have recently decided to reduce scrap procurement prices by KRW 10,000/t ($7/t). Korea Steel will implement this price cut starting on 5 Jun’24, while Daehan Steel and YK Steel will follow suit on 8 Jun’24. Notably, these manufacturers, located in southern South Korea, made this decision following a drop in the…