Tag: South Korea scrap imports

South Korea, a leading ferrous scrap consumer, recorded 0.56 mnt of scrap imports in Mar’22 as against 0.37 mnt in Feb, a significant hike of 51% m-o-m, as per SteelMint data. Ferrous scrap imports jumped on high procurement prices of domestic scrap in the retail market as well as tight availability. The fall in shredded…