Tag: South Korea: Major steel mills witness 4% increase in scrap inventory w-o-w

Ferrous scrap inventory of the eight leading South Korean steel companies in the second week of February stood at 798,000 tonnes (t). This marks an increase of approximately 3.7% from the previous week’s inventory of 769,000 t. The upward trend in iron scrap inventory persists, which can be attributed to the ongoing maintenance schedule of…