South Korea: Scrap arrivals at major ports drop by 9% w-o-w

SteelDaily: South Korea's major ports saw a fall in fresh scrap arrivals this week, with the total volume reaching 56,538 tonnes (t). This represents a decrease of approximately 5,858 t, or 9%, compared to the previous week.

Company-wise arrivals

• Hyundai Steel's fresh scrap arrivals totalled 13,131 t, distributed across several ports: 8,500 t at Dongkuk and 3,000 t at Dangjin.
  
  
• Dongkuk Steel's fresh scrap imports increased with 8,500 t arriving at Incheon.
  
  
• SeAH Besteel reported 13,407 t of sheet special steel imports at Gunsan Port.
  
  
• Daehan Steel reported that 4,000 t of steel scrap arrived in Busan.
  
  
• POSCO reported total import volumes of 14,500 t, reflecting a decrease in import activity.
  
  

Overall, imports saw a notable decrease. However, imports from plate special steel companies, which need higher quality steel scrap compared to bar steel companies remained strong. Additionally around 49% of steel scrap imports came from these plate special steel companies.

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