Tag: summer steel demand cycle
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South Korea: Ferrous scrap inventory increases for 4th consecutive week
Southern region sees stronger inventory build-up Lower steel production slows scrap consumption SteelDaily: The cumulative ferrous scrap inventory at eight major South Korean steel mills increased for the fourth straight week, by 39,000 tonnes (t) (4.7%). As of the second week of July, inventories totalled 861,000 t against 822,000 t in the previous week. Scrap…