Tag: South Korea: Ferrous scrap inventory rises 4% w-o-w ahead of Lunar New Year holidays

The scrap inventory of eight major steel manufacturers rose by 4% or 33,000 tonnes (t) compared to the previous week, marking the third consecutive weekly increase. Total scrap inventories reached 769,000 t, with the increase attributed to the recent price cuts by steel manufacturers and the approaching Lunar New Year holidays. In terms of regional…