Tag: South Korea: Steelmakers’ scrap inventories decline further

Scrap inventories at 11 major South Korean steelmakers declined for the second consecutive week to around 1.01 mnt, down by about 12,000 t over two weeks. The drop was mainly driven by higher consumption and reduced inflows, with some mills falling below optimal inventory levels, raising concerns of potential market instability. Region-wise inventory levels Incheon…