Tag: South Korea Imported scrap prices
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South Korea: Mills raise scrap imports in Q1CY22 on lower domestic generation
South Korea, a major ferrous scrap consuming country, noticed a considerable drop in domestic scrap generation in Q1CY22. This impacted the domestic mills, leading them to raise their imports in order to make up for the shortage, SteelDaily reported. Domestic scrap supply reached 1.56 mnt in March 2022, a fall of around 14% y-o-y. Due…