Tag: steel scrap prices South Korea
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South Korea: Ferrous scrap inventories climb 4% w-o-w on post-Chuseok supply worries
Short-term inventory growth hedges post-Chuseok supply-demand volatility. South Korea’s ferrous scrap inventory rises for 4rd consecutive week . SteelDaily: The cumulative ferrous scrap inventory at eight major South Korean steelmakers rose for the fourth straight week to about 815,000 tonnes (t), up 4.1% w-o-w from 769,000 t previously. Domestic steelmakers’ scrap inventories have surged nearly 120,000…