Tag: Rebar demand impact on scrap inventory
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South Korea: Ferrous scrap inventory rises for 4th consecutive week
Weak rebar demand leads to rising inventories Scrap prices may face pressure amid supply glut SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills rose by approximately 5.9% to 904,000 tonnes (t) this week from 853,000 t last week. This marks the fourth consecutive week with an increase. Additionally, this is…