Tag: South Korea scrap price

Hyundai Steel has reduced the scrap purchase price for its major plants by KRW 15,000/t ($13), effective 16 Nov’21. The buy price for the Dangjin steelworks has been reduced by KRW 20,000/t ($17) to KRW 610,000/t ($516), as per Korean Steel Daily reports. Hyundai Steel has cut prices due to accumulating inventory and planned maintenance…