SteelMint

Tag: South Korea scrap imports

  • South Korea: Ferrous scrap import plunges by 47% in Jan’21

    South Korea: Ferrous scrap import plunges by 47% in Jan’21

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    by

    Rashi
    in

    South Korea’s imported 0.19 mn t of ferrous scrap in Jan’21, registering a drop of 47% m-o-m, as per data recorded with SteelMint. Preference to domestic scrap amid high imported scrap offers resulted in lower imports. Steelmakers cut production early in the year amid weak demand in domestic and overseas markets. Mills sourced most of their scrap requirement from the domestic…