Tag: South korea scrap bids

South Korea: Major steel mills to cut scrap buy prices for different grades

Nov 2, 2022

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by

Anshuman

in Melting Scrap

POSCO Steel will cut scrap buy prices for Pohang and Gwangyang by KRW 20,000/t ($14/t ) from 3 Nov’22. Dongkuk Steel will reduce purchase prices for weight AS and weight BLC by KRW 10,000/t ($7/t), and by KRW 5,000/t($4/t) for weight ALC, compression, and shredder scrap. SeAH Besteel will cut prices for weight A, B,…