Tag: South Korea inventories
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South Korea: Steelmakers’ ferrous scrap inventories increase w-o-w
The declining trend of ferrous scrap inventories at South Korea’s steel mills seems to have been reversed. This week, scrap holdings of the eight steelmakers totalled 812,000 tonnes (t), an increase of 13,000 t or 3% from the previous week. As inventory increased, prices of the same rose 7.4% compared to last year. It seems…