Tag: Busan scrap market

South Korea: Scrap inventories cross 1 mnt on strong receipts at Incheon as Hyundai Steel cuts prices

Apr 7, 2026

—

by

Ramavath Mounika

in Melting Scrap

Inventories rise by 4.5% w-o-w on higher inflows Hyundai and Dongkuk Steel see notable increases in inventories SteelDaily: Scrap inventories at 11 major South Korean steelmakers rose to 1.021 million tonnes (mnt) in the week, increasing by 4.5% w-o-w, driven mainly by higher inflows and regional stock accumulation. The rise was largely concentrated in bar…