South Korean ports received more imported scrap this week after declining the previous weeks. Around 144,569 t of ferrous scrap were expected to arrive at major ports this week, an increase of 32,000 t from the week before.
The increase in arrivals is due to POSCO’s import volume, which has significantly increased after not improving since the flood damage in September.
Company-wise imports:
Hyundai Steel: Hyundai Steel has reported the arrival of 33,683 t of steel scrap in Incheon, Dangjin, and Pohang. Incheon received 21,782 t, while Dangjin and Pohang received 4,901 t and 7,000 t, respectively. The stated arrival volume of Hyundai Steel fell by 12,000 t from the previous week.
Dongkuk Steel: Dongkuk Steel imported a total of 32,364 t of scrap. Incheon received 21,556 t, Pohang received 5,808 t, and Dangjin received 5,000 t. Dongkuk Steel reported 15,000 t more scrap than the previous week.
POSCO: POSCO shipped 39,600 t of steel scrap to Pohang and Gwangyang. Large American-made mother ships account for 32,500 t of the products transported into Gwangyang. It is the first time in six months since August last year that POSCO has imported more than 30,000 t of scrap.
SeAH, YK, Korea & Daehan Steel: SeAH Besteel has reported importing 23,622 t of steel scraps at Gunsan Port. Sae-A Changwon imported around 800 t from Masan Port. Daehan Steel received 9,500 t of scrap from Busan Port, YK Steel received 3,000 t of scrap, and Korea Steel received 2,000 t of scrap via Masan Port.
Note: This article has been published in accordance with an article exchange agreement between SteelDaily and SteelMint.
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