Tag: South Korea: POSCO plans to lower scrap procurement prices by $7/t

South Korea: POSCO plans to lower scrap procurement prices by $7/t

Jun 12, 2024

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by

Kanishka Chhabria

in Melting Scrap

South Korean steel giant POSCO has decided to lower scrap procurement prices starting 14 June, 2024. The company plans to reduce the purchase price of certain grades of iron scrap, including compressed (lightweight) A, B, and Guillotine A and B, by KRW 10,000/t ($7/t).