Tag: South Korea auto shredded scrap
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South Korea: Shredded scrap generation impacted by lower auto production
South Korea, the leading scrap consuming country, has been seeing a decline in shredded scrap volumes since mid-2021. The present situation is getting worse for shredded scrap companies as the total car scrap has seen a consistent sharp fall after peaking at about 105,000 t in Apr’21. The volume dropped to 59,000 t in Sept’21…