Tag: South Korea: Ferrous scrap inventory declines for the sixth consecutive week by 11% w-o-w

Supply concerns arise as inventory falls 11% Scrap tags may rise if stock shortage persists SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills fell by nearly 11% w-o-w to 619,000 t, marking the sixth consecutive week of decline. Ferrous scrap inventories at domestic steelmakers are declining rapidly, sparking concerns over…