Tag: South Korea’s rebar inventory rises on slow buying due to early price cut announcements for Aug’22

South Korean mills are reportedly holding 355,000 tonnes (t) of rebar inventories as on 1 August 2022. In comparison with mid-July, inventories are higher by 40,000 t. Compared to the year ago period, rebar inventories are more than double against 180,000 t. The increase in inventories is due to slow buying interest as the news…