Tag: South Korea: Ferrous scrap inventories fall 5% w-o-w on higher mill operations

Mill restarts accelerate scrap consumption rates Low winter generation keeps inventories under pressure SteelDaily: Cumulative ferrous scrap inventories at 11 major South Korean steelmakers fell to 929,000 tonnes (t), marking a 5% (53,000 t) w-o-w decline, according to SteelDaily. The drawdown was primarily driven by the resumption of operations at Hyundai Steel and Dongkuk Steel,…