South Korean Hyundai Steel has reduced its purchase prices for scrap to businesses in the city of Dangjin and Incheon for 10 thousand won ($9,17) from 1 February 2013. For businesses in the city of Pohang scrap will fall in price on 6 February 2013.
The decrease in purchase prices for scrap in February 2013 due to the desire of the company Hyundai Steel to control the amount of inventory in anticipation of THE planned winter equipment.
Analysts expect lower prices for scrap other manufacturers after Hyundai Steel.
SOGRA