Poor construction output in South Korea hurting bid price for Japanese ferrous scrap

A major South Korean steelmaker entered the market for bulk Japanese steel scrap at lower prices on Friday March 24 amid weak downstream steel demand in Korea, sources told Fastmarkets.

• Major Korean mill cuts scrap bid price amid poor construction steel demand
• Taiwanese buyers have no appetite for imported scrap

• Scrap prices to China decrease further due to weak...


Lee Allen

Tianran Zhao

March 24, 2023

16:16 GMT

London, Shanghai