Tag: steel scrap price reductions

South Korea: Major mills reduce scrap procurement prices by up to $7/t

Dec 6, 2024

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by

Adarsh Ramteke

in Melting Scrap

Major South Korean steel mills announced reductions in scrap procurement prices. Hyundai Steel’s Pohang plant will cut prices by KRW 10,000/t ($7/t), effective 11 Dec’24. Hwanyang Steel Industry and Korea Iron and Steel will implement similar cuts for all grades from 10 Dec’24. POSCO’s Gwangyang and Pohang plants will revise prices from 10 Dec’24, reducing…