Tag: scrap supply concerns
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South Korea: Ferrous scrap inventory declines w-o-w for 6th straight week
Supply concerns arise as inventory falls 11% Scrap tags may rise if stock shortage persists SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills fell by nearly 11% w-o-w to 619,000 t, marking the sixth consecutive week of decline. Ferrous scrap inventories at domestic steelmakers are declining rapidly, sparking concerns over…