Cheap domestic ferrous scrap hampers South Korean import demand

Lower prices for local ferrous scrap in South Korea have smothered demand for imports this week, market sources told Fastmarkets on Friday May 13.

  • South Korean import prices held back by local market
  • China steel scrap prices fall amid EAF makers’ losses
  • Vietnam scrap prices weaken amid sparse buying
South Korea

“Domestic scrap flow...

Published

Lee Allen

Tianran Zhao

Olivia Zhang

May 13, 2022

14:08 GMT

Singapore, Shanghai