Tag: South Korea: Ferrous scrap inventories fall 3.4% w-o-w amid regional stock drawdowns

Stocks at many mills decline by over 10% m-o-m Tight supply intensifies competition among mills SteelDaily: The cumulative ferrous scrap inventory at eleven major South Korean steelmakers fell for the second time in the new year. Stocks declined by 32,000 tonnes (t) or 3.4% to 897,000 t on 14 January. Region-wise inventory Central region: Scrap…