Tag: scrap supply shortage
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South Korea: Ferrous scrap inventory drops for 3rd consecutive week
Early May holidays disrupt scrap availability Aggressive competition ensues to procure scrap SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills fell by approximately 1% to 799,000 tonnes (t) this week from 809,000 t last week. This marks the third weekly decline in May. Region-wise inventory Central region: The central region’s…