Tag: May demand forecast
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South Korea: Ferrous scrap inventory rises for 5th consecutive week
Demand decline leads to inventory buildup May demand expected to be weaker than usual SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills rose by approximately 2.7% to 929,000 tonnes (t) this week from 904,000 t last week. This marks the fifth consecutive week with an increase. The increase was slightly…