Tag: South Korea: Ferrous scrap inventory declines w-o-w for 7th straight week

Steel scrap inventory dips fuelling price hikes Supply tightens as brokerage stocks run low SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills fell w-o-w to 617,000 t, marking the seventh consecutive week of decline. Domestic steelmakers’ scrap iron inventories have declined slightly from last week. To counter seven consecutive weeks…