Iron and Steel

South Korean scrap price drops in Apr

South Korean scrap price drops in Apr
Mining News Agency -Busan steel mills cut its domestic scrap purchasing price which was about ₩10,000/ton from April 11th.
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Mining News -In a couple of days, Daehan Metals, Dongkuk Steel Mill and Hyundai Steel Company also decreased purchasing price in order, which impacted domestic scrap price.

On the top of that, South Korean scrap metal market was continuous weak as the electric furnace factories reduced the volume of scrap metal.


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