Tag: South Korea: Major mills cut scrap procurement prices by KRW 10000/t ($7/t)

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

Jun 25, 2024

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by

Manya Dewangan

in Melting Scrap

South Korean steel mills have decided to reduce the scrap procurement prices of all grades by KRW 10,000/t ($7/t). Korea Steel will implement this price cut starting 27 Jun’24, while Hyundai Steel’s Incheon and Dangjin plants will follow suit from 1 Jul.