Tag: YK Steel scrap news
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South Korea: Major mills reduce scrap prices amid high inventories
South Korea’s major steelmakers will cut scrap purchase prices by KRW 10/kg ($7) for all grades. Korea Iron and Steel, Korea Special Steel, Daehan Steel, and YK Steel will implement the cut from 11 Apr’25, while Taewoong will reduce prices from 9 Apr, excluding lightweight scrap. Hwanyang Steel will enforce stock limits from 8 Apr.…