Reportedly, the major steel mills in Korea have hiked the scrap purchasing prices recently.
It's learned that Hyundai Steel increased scrap purchasing prices by 10,000 won/ton at its Pohang works. Also, Dongkuk Steel raised the scrap purchasing prices by KRW10, 000/ton at Pohang plants as well.
Besides, Posco P&S increased its scrap purchasing prices by KRW10, 000~KRW15, 000 won/ton at its Gwangyang works.
It's analyzed that the Korean steel mills have increased scrap purchasing prices due to decreased stocks.