UTC+8 ( BJT)

South Korea: Ferrous scrap imports plunge in Q1 CY'21

ABSTRACT

South Korea's ferrous scrap import observed a steep decline of 33% and stood at 0.81 mn t in Q1 CY'21 against CPLY. Notably, scrap imports have dropped to a five-year low, as per the data maintained with SteelMint.
Similarly, monthly scrap imports were recorded at 0.29 mn t in Mar'21 as against 0.34 in Feb'21, lower by nearly 15% m-o-m. Japan was the largest supplier at 0.61 mn t in the first quarter of 2021, down by 23% as compared to 0.79 mn t in Q1 CY'20, followed

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