Tag: steel price reduction
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South Korea: Ferrous scrap inventory steady w-o-w amid low demand
Central region sees increase, south remains stable Low demand leads to output halt, delayed price cuts SteelDaily: This week, the combined ferrous scrap inventory of eight major South Korean steel mills increased slightly compared to last week, fluctuating within the mid-700,000-tonne (t) range for the third week of December. It stood at 758,000 t, up…