SEOUL: South Korea has imported its 76% of ferrous scrap from Japan during the month of February this year, as per the latest official data.
South Korea has imported 278,000 tons of ferrous scrap from Japan during February, accounting 76.3% of nation’s total imports. The scrap imports from Japan were up by 13.8% year-on-year during the month.
However, it is the fourth consecutive month that South Korea’s steel scrap imports have totaled below 400,000 tons in February.
Country has imported only 364,000 tons of ferrous scrap during February. The imports were down sharply by 21.1% year-on-year and inched up when matched with the previous month.
