Tag: South Korea: Major mills to lower scrap procurement prices by $8/t

South Korea: Major mills to lower scrap procurement prices by $8/t

Feb 6, 2024

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by

Kanishka Chhabria

in Melting Scrap

South Korea’s leading steel mills, such as Welcome Steel, Deahan Steel, YK Steel, Korea Steel, and SeAH Besteel, have decided to lower scrap procurement prices by KRW 10,000/t ($8/t), starting from 7 February. Notably, Welcome Steel was the first company to follow suit after Hyundai Steel initiated the price cut.