Tag: scrap inventory reduction
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South Korea: Ferrous scrap inventory decline amid falling prices and production slowdown
Central region saw a notable reduction in scrap iron inventory Inventory decline driven by price cuts, resulting in lower steel scrap stocks SteelDaily: This week, the combined ferrous scrap inventory of eight major South Korean steel mills showed a downtrend, driven by continued price declines at large steel mills. Stocks dropped by 3.6%, or more…