Tag: South korea scrap inventory

South Korean steel mills started to lower domestic scrap purchase prices, resulting in an improvement in scrap inventories. The scrap holdings of the eight prominent steelmakers totalled 793,000 t, an increase of 62,000 t or 8.5% from the preceding week. Hyundai Steel cut its scrap buy prices by KRW 15,000/t ($12/t) from 17 January, as…