South Korea: Ferrous scrap import fall by 47% m-o-m in Jan’21

South Korea has imported 0.19 mn t of scrap in Jan’21 registering a significant drop of 47% m-o-m, as per data maintained with SteelMint. Imports from Japan fell by 38% m-o-m to 0.14 mn t in Jan’21. Preference to domestic scrap amid high imported scrap offers resulted in lower imports.