Tag: South Korea: Steel mills raise scrap purchase prices in southern regions

Hyundai Steel-linked suppliers raise prices Dongkuk Steel lowers official purchase prices South Korea’s major steelmakers are set to revise scrap procurement prices across multiple grades. Busan and Gyeongnam regions saw scrap yard purchase prices rise by around KRW 30-40/kg ($20-27/t) across grades, driven by higher premiums offered by steel mills under contracts and special purchases.…