Tag: South Korea: Major mills raise scrap purchase prices amid firm sentiment

South Korea’s major steel mills raised scrap purchase prices by KRW 10-15/kg ($7-10/t), supported by competitive buying activity and tight domestic scrap supply. Some buyers also opted to pay a premium over list prices for the same reason. Hyundai Steel raised scrap purchase prices at its Incheon and Dangjin plants by KRW 10-15/kg ($7-10/t), while…