Tag: South Korea: Ferrous scrap inventory falls 5.8% w-o-w amid slow post-holiday recovery

Central region inventories fall, southern zone sees rise Reduced scrap collection tightens market availability SteelDaily: The cumulative ferrous scrap inventory at eight major South Korean steelmakers declined this week in late October to about 723,000 tonnes (t), down 5.8% w-o-w from 767,000 t. The main reason for the inventory drop is the slow replenishment following the…