SteelMint

Tag: construction activity impact

  • South Korea: Ferrous scrap inventory falls 10% w-o-w

    South Korea: Ferrous scrap inventory falls 10% w-o-w

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    by

    Adarsh Ramteke
    in

    Mills limit scrap buying amid expectations of high prices Slow construction activity weighs on steel production SteelDaily: The cumulative ferrous scrap inventory at eight major South Korean steelmakers fell this week, reversing last week’s brief consolidation and sliding to the low 700,000-tonne (t) range. Inventory stood at around 719,000 t, down by 9.2% from 793,000…