Tag: South Korea scrap imports
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South Korea: Scrap imports rise 9% y-o-y in CY’21 on demand recovery
South Korea’s ferrous scrap import volumes in CY’21 (Jan-Dec’21) were recorded at 4.46 million tonnes (mn t), up by 9% y-o-y against 4.11 mn t in CY’20 (Jan-Dec’20), as per data maintained with SteelMint. The rise in imports was largely due to healthy steel demand, signalling a recovery from the pandemic period. It marks a…