Tag: South Korea imported scrap

South Korea: Ferrous scrap imports up by 31% in H1CY22 on domestic supply shortage

Jul 19, 2022

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by

Deepika Singh

in Melting Scrap

South Korea, one of the prominent buyers of ferrous scrap, registered a rise of 31% in imports of the material in H1CY22 (January-June 2022) to 2.55 million tonnes (mnt) from 1.96 mnt in the corresponding period last year (CPLY), as per SteelMint’s customs data. The rise in imports was largely due to healthy steel demand…