Intel Details

South Korea: Ferrous scrap imports fall by 8% in May'21

Melting Scrap
16 Jun 2021, 10:40 IST
Steel Mint Intel

South Korea, one of the largest buyers of seaborne ferrous scrap, recorded imports at 0.36 mn t in May'21, down 8% m-o-m against 0.39 mn t in Apr, as per data maintained with SteelMint. Japan continued to be the largest supplier at 0.21 mn t, followed by the US and Russia. South Korea's leading steel mill, Hyundai Steel's operations at the Diangjin works remain suspended after an accident in early May, which resulted in reduced scrap procurement.

16 Jun 2021, 10:40 IST
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