Tag: South Korea faces growing scrap crunch amid export strength
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Why have South Korean steel mills lowered ferrous scrap imports despite tight domestic supplies?
Domestic Korean scrap prices remain below international levels Increased long steel exports of late has tightened iron scrap market SteelDaily: Despite the continued shortage of iron scraps, imports to compensate for supply shortages have not increased much. In May, the import volume of iron scrap for general use was 60,214 tonnes (t), an increase of…