South Korea: Ferrous scrap imports rise in late March amid steady mill demand

• Bar steel companies import 49.5%, special steel 50.5%
• Hyundai Steel receives 22,500 t, POSCO takes in 6,000 t

SteelDaily: The total volume of imported ferrous scrap at South Korea’s major ports rose to 53,500 tonnes (t) in end-March compared to 50,713 t in mid-March. Demand from steel mills was steady, which led to a slight rise in scrap arrivals.

Bar steel companies received 49.5% of the total scrap arrivals, while special steel sheet ones accounted for 50.5%.

Notably, a net addition of 36,500 t was recorded in portside scrap stocks since 17 March, according to the port entry report and after removing duplicates.

Company-wise scrap arrivals

Hyundai Steel – A total of 22,500 with 10,500 t at Incheon and 12,000 t at Dangjin (highest among all companies).

SeAH Besteel – 21,000 t at Gunsan Port.

Daehan Steel/Taewoong Steel – 4,000 t at Jinhae Port.

POSCO – 6,000 t at Gwangyang Port.

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