Tag: Lunar New Year restocking
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South Korea: Pre-Lunar New Year buying drives scrap import surge
POSCO and specialty mills secure additional cargoes Mills accelerate procurement before holiday slowdown SteelDaily: South Korea’s scrap iron imports rose sharply ahead of the Lunar New Year, as mills stepped up procurement to secure raw material before the holiday slowdown. As of 2 February, total scrap volumes arriving or scheduled to arrive at major ports…