South Korea’s mills have announced fresh scrap price cuts as supply improves. POSCO paused its KRW 10\/kg ($7\/t) transport subsidy at Gwangyang from 14 Feb, effectively reducing purchase prices. The subsidy was introduced in January to help cover delivery and logistics costs to Gwangyang Steelworks. SeAH Changwon Special Steel will also cut prices by KRW 10\/kg ($7\/t), with deeper reductions on certain grades.<\/p>\n","protected":false},"excerpt":{"rendered":"
South Korea’s mills have announced fresh scrap price cuts as supply improves. POSCO paused its…<\/p>\n","protected":false},"author":1,"featured_media":57681,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-57680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T173540.614.jpg?fit=1280%2C720&ssl=1?v=1771414576",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T173540.614.jpg?resize=150%2C150&ssl=1?v=1771414576",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T173540.614.jpg?fit=300%2C169&ssl=1?v=1771414576",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T173540.614.jpg?fit=640%2C360&ssl=1?v=1771414576",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T173540.614.jpg?fit=640%2C360&ssl=1?v=1771414576",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T173540.614.jpg?fit=1280%2C720&ssl=1?v=1771414576",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T173540.614.jpg?fit=1280%2C720&ssl=1?v=1771414576",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T173540.614.jpg?resize=1115%2C715&ssl=1?v=1771414576",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T173540.614.jpg?resize=800%2C500&ssl=1?v=1771414576",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T173540.614.jpg?fit=1024%2C576&ssl=1?v=1771414576",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T173540.614.jpg?resize=540%2C340&ssl=1?v=1771414576",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T173540.614.jpg?resize=400%2C250&ssl=1?v=1771414576",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"Iron & Steel<\/a>","tag_info":"Iron & Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T173540.614.jpg?fit=1280%2C720&ssl=1?v=1771414576","jetpack-related-posts":[{"id":59274,"url":"https:\/\/biztrend24.com\/?p=59274&lang=en","url_meta":{"origin":57680,"position":0},"title":"South Korea: POSCO raises March stainless steel prices on higher alloy costs","author":"Biz Trend 24","date":"March 3, 2026","format":false,"excerpt":"Global uptrend and FX pressure drive revision: Strong dollar pressures imported alloy costs: POSCO has increased stainless steel shipment prices for March, citing rising alloy raw material costs and exchange rate pressures. 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