Tag: South Korea steel price increase May

South Korea: Major steel mills to raise scrap procurement prices by $7/t

May 8, 2025

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by

Aditi Sen

in Melting Scrap

South Korea’s leading steel producers will raise scrap purchase prices by KRW 10,000/t ($7/t) across grades. Hyundai Steel’s Pohang plant will carry out a special scrap purchase from 8-17 May, for which it has raised all grade’s procurement prices by KRW 10,000/t. SeAH Changwon Special Steel and Hwanyoung Steel will also raise purchase prices of…