South Korea: Mills' scrap purchase prices show mixed trends amid divergent demand dynamics

South Korean steel mills have revised scrap purchase prices, indicating mixed demand trends. SeAH Besteel raised purchase prices by KRW 10/kg ($7/t) for most grades, effective 24 Mar'26. Hwanyoung Steel raised scrap purchase prices from 23 Mar, with heavy grades up by KRW 10/kg and other grades increased by KRW 20/kg. In contrast, Dongkuk Steel's Incheon plant will reduce prices by KRW 10/kg ($7/t) from 6 Apr'26.