Tag: South korea scrap purchase price

South Korea: Major mills to cut scrap purchase prices up to $12/t

Jul 4, 2022

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by

Jayprakash Sahu

in Melting Scrap

South Korean steel majors – Hyundai Steel and Dongkuk Steel – plan to lower domestic scrap prices of all grades by KRW 15,000/t ($12) from 6 July, as per Steel Daily. Hyundai Steel will trim prices for Pohang, Incheon and Dangjin steelworks while Dongkuk Steel will trim prices for Incheon and Pohang plants.