Tag: South Korea: Ferrous scrap inventory at major steel mills drops by 3% w-o-w after consecutive rise

Ferrous scrap inventory declines amid price cuts and warehouse controls The combined steel scrap inventory held by the top eight South Korean steel producers stood at 868,000 tonnes (t) experienced a decrease of 3% w-o-w, marking the first decline in a considerable duration. The catalyst for this trend appears to be the widespread price reductions…