Tag: South Korea: Scrap inventory at major mills rises by 4% w-o-w

This week, the iron scrap inventory for the eight South Korean steel companies was estimated to be around 725,000 tonnes (t), reflecting a 4% increase or 28,000 t compared to the previous week. This uptick was attributed to the inventory stabilising, and notable recovery was observed in Hyundai Steel, which had previously reduced its iron…