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29 Jan
07:04

Chinese and Korean scrap imports increase

Chinese and South Korean scrap imports increased 7.5% and 5.7% respectively year-on-year in 2017, according to China’s Customs and the Korea Iron & Steel Association (Kosa). Although Chinese scrap imports and exports were a similar volume last year, imports were from only two main sources while exports went to a wider range of buyers, Kallanish notes. The effective campaign to clear Chinese induction furnaces stimulated a 206,272.5% jump in s…
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