Tag: scrap steel demand
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South Korea: Ferrous scrap inventory rises 4% w-o-w despite slow demand
Inventory in central region rises, south sees drop Market outlook hinges on steel demand recovery SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills increased by 4% w-o-w to 635,000 t from 611,000 t in the previous week. Domestic steelmakers saw their scrap iron inventory rise last week as well. However,…