Tag: South Korea Scrap Import
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South Korea: Major special steel mills increase scrap purchases in CY’21
Major South Korean steelmakers recorded scrap purchases at 22.06 million tonnes (mn t) in CY’21, as per a SteelDaily report. Iron scrap (both domestic and imported) purchases grew by 12% compared to the previous year. Notably, scrap purchases by special steel manufacturers like POSCO and SeAH Besteel surged by 67% on a yearly basis. Domestic…