South Korean steelmaker Posco has returned to the market for steel scrap from Japan and Korea in the past week after taking a hiatus of around three months, market sources told Fastmarkets.
Korea's largest steel producer stopped buying scrap in April amid dismal steel demand, particularly in the higher-grade steel segment.Since then, the steelmaker has also delayed the resumption of production from its No 3 blast furnace (BF) in Gwangyang following the completion of maintenance works which...