Tag: South Korea: Scrap inventories fall sharply amid strong mill consumption

Distributors delay shipments expecting higher prices Weak scrap generation limits market inflows further SteelDaily: Scrap inventories at 11 major South Korean steelmakers declined sharply during the week to around 851,000 t, down by 64,000 t (7%) w-o-w. The decline was mainly driven by strong mill consumption, sluggish scrap generation, and reduced shipments from distributors holding…