- Masan and Jinhae ports record fresh inflows
- Mill-wise arrivals show noticeable variations
SteelDaily: As of 10 March, total imported scrap arrivals and scheduled cargoes for steelmakers in South Korea’s Busan and Gyeongnam regions stood at 42,009 t, broadly stable compared with 41,819 t recorded on 19 February. Despite the similar overall volume, import distribution varied significantly by company and port.
Port-wise position
Incheon Port: Around 6,300 t of imported scrap was reported at the plant facility.
Dangjin Port: Approximately 4,861 t of cargoes were scheduled for discharge. Combined arrivals at Incheon and Dangjin totaled 11,161 t, marking a notable drop compared with January levels and about half of February’s volume.
Masan Port: Previously reporting little to no imports, the port recorded 5,000 t of incoming scrap. Masan is primarily used by Korea Iron & Steel and Korea Special Steel for scrap imports.
Jinhae Port: Registered about 8,800 t of inbound scrap, mainly linked to Korea Special Steel and Daehan Steel, reflecting improved activity in the Busan-Gyeongnam region.
Gwangyang Port: POSCO’s Gwangyang facility reported around 1,200 t of imported scrap cargoes.
Market participants noted that nearly 14,000 t of scrap arriving at Masan and Jinhae ports is expected to support scrap utilization for steelmakers in the region, helping stabilize raw material availability in the near term.
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