Tag: steel scrap inventory levels
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South Korea: Scrap inventories fall sharply on strong mill consumption, weak inflows
Distributors delay shipments expecting higher prices Weak scrap generation limits market inflows further SteelDaily: Scrap inventories at 11 major South Korean steelmakers declined sharply during the week to around 851,000 t, down by 64,000 t (7%) w-o-w. The decline was mainly driven by strong mill consumption, sluggish scrap generation, and reduced shipments from distributors holding…