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05 Aug
07:27

South Korean ferrous scrap imports hike in June

South Korea imported 413,567 tonnes of scrap in June, up 9.4% on-month and 17.7% year-on-year. Intake in the first six months of 2021 was down by 13% y-o-y at 2.1 million tonnes, according to data released by South Korea Customs, Kallanish notes. Imports from the US dropped sharply, with a decrease of 54.9% m-o-m, but Japanese supply surged 37.5% to 303,750t in June, making Japan the top supplier with a South Korean market share of 73.44%. Japan was favoured becau…
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