Tag: South Korea: Mini-mills cut production amid falling prices and high costs

Mini mills cut production, suppliers stare at falling prices Korea’s scrap sector struggles amid weak construction demand Mysteel Global: South Korea’s ferrous scrap sector is facing a structural downturn despite high scrap self-sufficiency and declining imports. In 2024, EAF steelmakers produced 17.6 million tonnes (mnt) of crude steel, down 10% y-o-y from 2023, while total…