Tag: steel production cuts Korea
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South Korea: Ferrous scrap inventory falls for first time in 5 weeks
Inventories remain elevated despite recent dip Stocks at southern mills rise amid fresh arrivals SteelDaily: The cumulative ferrous scrap inventory at eight major South Korean steelmakers fell for the first time in five weeks. Stocks declined by 25,000 tonnes (t) (2.7%) to 891,000 t in the fourth week of July. This marks a break from…