Tag: South Korea: Ferrous scrap inventory rises for second consecutive week

Korean scrap inventory up 5.4% to 767,000 t before price cuts Panic selling lifted stocks after unexpected price drops SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills increased by approximately by 5.4% to 767,000 t this week from 727,000 t last week. Scrap iron inventory has risen for two consecutive…