Tag: price drop
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South Korea: Ferrous scrap inventory rises as steel mills cut back on production
Central region sees steeper rise than south Inventory levels likely to be stable in future SteelDaily: This week, the combined ferrous scrap inventory of eight major South Korean steel mills witnessed a slight upswing as prices fell and steelmakers reduced their production. Stocks increased by 2.5% to 773,000 tonnes (t) this week as compared to…