Tag: South korean Steelmaker
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South Korea: Steelmakers’ ferrous scrap inventory drop continues w-o-w
South Korean steelmakers saw a continuous decline in its scrap inventory again this week. The major steelmakers had 872,000 tonnes (t) of scrap stock, lower by 8.8% w-o-w, as per a SteelDaily report. Steelmakers are currently not in a mood to hike purchase prices. But if inventory drops at the current rate, these are projected…