Tag: production challenges
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South Korea: Ferrous scrap inventory hits 2-year low
SteelDaily: This week, the combined ferrous scrap inventory of eight major South Korean steel mills touched 659,000 tonnes (t) lowest amount in two years since September 2022, marking a fall of 4.4% from 690,000 t seen before the Chuseok holidays. Notably, domestic steelmakers experienced the largest decrease in their ferrous scrap inventory in a month…