Infographics Details
Steel Mint

South Korea Scrap Consumption to Rise

15, Dec 2021
Scrap demand of South Korean steel mills is expected to increase to 30% to around 7 million tonnes (mn t) in the years to come. At present, South Korea's scrap consumption is about 29 mn t/year. If steel mills keep up their usage at 20%, the country's overall scrap demand is expected to rise by 2.45 mn t/year, amounting to 31.45 mn t/year. And, if the consumption increases to 30%, the overall demand will reach 35.94 mn t/year.