Tag: South Korea Scrap Inventories

South Korea, a major ferrous scrap importing country, saw a noticeable drop in inventory w-o-w. As the market bottoms out amid low demand and steelmakers continue to lower purchase prices, suppliers are restricting supplies, as per a SteelDaily report. Scrap providers in the Gyeongju-Pohang region have more warehousing challenges since the cargo union strike is…