Tag: rebar steel demand
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South Korea: Ferrous scrap inventory declines after 3 weeks of continuous increase
SteelDaily: This week, the combined ferrous scrap inventory of eight major South Korean steel mills touched 690,000 tonnes (t), marking a fall of 2.4% from 707,000 t seen a week back. Notably, domestic steelmakers’ scrap inventory has declined for the first time in three weeks, primarily due to the upcoming Chuseok holiday shutdown. Region-wise inventory…