Tag: South Korea: Ferrous scrap inventory rebounds after sustained decline

Rising stocks suggest recent drawdown may be easing Weak steel demand, monsoon may pressure volumes SteelDaily: The cumulative ferrous scrap inventory of eight major South Korean steel mills rebounded after a continuous five-week downtrend, rising by approximately 2.5% to 729,000 tonnes (t) from 710,775 t last week. Daily inventory levels have now aligned closely with…