Tag: South Korea scrap imports

South Korea: Scrap imports drop over 25% m-o-m in Jan’22 on lower bookings from Japan

Feb 15, 2022

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by

Drishya Yadav

in Melting Scrap

South Korea’s ferrous scrap import volumes in Jan’22 were at 0.31 million tonnes (mnt), down by 26% m-o-m against 0.42 mnt in Dec’21, as per data maintained with SteelMint. The imports declined mainly due to sluggish construction demand in the winter season. Also, preference for domestic scrap over imported material kept bookings low. Japan continued…