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Issue  Four factors affecting the Korean scrap market
- Changes in the price of Chinese steel, a key factor
- Volume of distribution in the Southern part of Korea is also a factor
2018-12-05 11:08
 
With the price of steel scrap falling rapidly in Korea, expectations are growing in the distribution..
 
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1 Both exports and imports of steel products declined in Jan
2 S.Korean HR market, to be impacted by the COVID-19 virus
3 Steel plates exports decreased slightly, while imports fell sharply in Jan
4 Nominal consumption of special steel bars declined for three consecutive years
5 [2-3 KSSP] Scrap prices fell for the fifth week
6 Rebar · scrap spread fell 10% YoY despite a surge this year
7  
 
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Steel industry in 2019 – Kim Young-joong, senior vice president of marketing strategy at POSCO
Latest News >
Nominal consumption of special steel bars declined for th
Rebar · scrap spread fell 10% YoY despite a surge this y
Steel plates exports decreased slightly, while imports fe
Both exports and imports of steel products declined in Ja
[2-3 KSSP] Scrap prices fell for the fifth week
 
Korea Steel Price >
Kinds
Maker sale
Distribution
Importer sales
1,060
7**
6**
1,060
7**
6**
-
7**
6**
-
5**
5**
900
8**
7**
-
2***
2***
950
9**
-
*Benchmark: Primary distribution basis (KRW(won)/Kg)
Korea Steel Scrap Price >
Kinds
Seoul-Incheon
Yeongnam area
Average
2**
2**
2**
2**
2**
2**
2**
2**
2**
2**
2**
2**
2**
1**
2**
*VAT Not included (KRW/kg)
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