Tag: South Korea scrap prices

South Korean major steel mills decided to postpone scrap procurement till next week while some mills will continue purchasing, as per Steel Daily reports. Dongkuk’s Incheon plant, POSCO, and SeAH Besteel will resume scrap purchases from next week. In contrast, Hwan Steel decided to raise its scrap procurement prices by KRW 10,000/t ($7/t), effective 17…