Tag: steelmakers scrap buying
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South Korean shredder industry faces pressure from feedstock shortages and rising costs
Some processors shift to guillotine operations Steelmakers’ buying strategies squeeze shredder profits SteelDaily: South Korea’s shredder industry is facing increasing pressure as rising feedstock costs, shrinking margins, and lower operating rates weigh on profitability. Market participants noted that competition for lightweight scrap has intensified as steelmakers increasingly prioritise volume procurement over quality, reducing feedstock availability…