Tag: South Korea: Ferrous scrap inventory show upward for the first time in eight weeks

Slowing price gains, output cuts push up inventories Market awaits demand pick-up in Mar amid uncertainty SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills rose by 0.4% w-o-w to 611,000 t. Domestic steelmakers’ inventory increased for the first time in about two months, likely due to slowing price gains and…