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. 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This marks the first time since mid-February that declared import\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153131.590.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153131.590.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153131.590.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153131.590.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153131.590.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":59274,"url":"https:\/\/biztrend24.com\/?p=59274&lang=en","url_meta":{"origin":57680,"position":1},"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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