Tag: steel production shutdowns
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South Korea: Ferrous scrap inventory hits nearly 3-month high
Inventories rise for 5th consecutive week Plant shutdowns, maintenance cause surge SteelDaily: The cumulative ferrous scrap inventory at eight major South Korean steel mills increased for the fifth straight week, by 39,000 tonnes (t) (4.7%). As of the second week of July, inventories totalled an almost three-month high of 900,000 t against 861,000 t in the…