Tag: South Korea scrap price cuts
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South Korea: Ferrous scrap inventory rises by 5% w-o-w amid supply concerns following Chuseok
Scrap inventories rise for 3rd consecutive week Imports, weak demand, price cuts drive build-up SteelDaily: The cumulative ferrous scrap inventory at eight major South Korean steelmakers rose for the third straight week to about 769,000 tonnes (t), up 4.8% w-o-w from 734,000 t previously. Inventories increased amid concerns surrounding supply constraints post Chuseok, lower scrap…