Tag: ferrous scrap supply shortage
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South Korea: Ferrous scrap inventory drops for 5th consecutive week
Scrap inventories decline again as supply stays tight Southern mills face production cuts, turn to flexible buying SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills fell by approximately 4% to 742,000 tonnes (t) this week from 764,260 t last week. This marks the fifth weekly decline in first week of…