Tag: POSCO scrap price cut
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South Korea: Ferrous scrap inventory rises for third consecutive week
Scrap inventory at major mills rises over 11% w-o-w Steelmakers face pressure as product sales stagnate SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills increased by approximately by 11.2% to 853,000 t this week from 767,000 t last week. Steelmaker’s scrap iron inventory rose for the third consecutive week as…