Tag: South Korea: Ferrous scrap inventory at major mills drop 2% w-o-w

This week, the ferrous scrap inventory from eight South Korean steel mills witnessed a decline of around 2% to 783,000 tonnes (t) in comparison with 799,000 t reported in the previous week. Steel scrap inventory has been decreasing for two consecutive weeks, with the decline in the southern region becoming particularly noticeable after the conclusion…