en.Wedoany.com Reported - In early June, South Korea's scrap import activity increased significantly, with declared unloading volumes at major ports reaching approximately 63,500 tonnes as of June 9, marking the first time since mid-February that the threshold of 60,000 tonnes has been exceeded. This reflects stronger procurement activity by plate and special steel producers.

By company, POSCO declared seven cargoes totaling about 17,000 tonnes; SeAH Besteel completed import declarations for approximately 15,300 tonnes; SeAH Changwon Specialty Steel declared two cargoes totaling about 3,700 tonnes; Dongkuk Steel plans to unload approximately 11,500 tonnes through Incheon Port; and another approximately 6,000 tonnes (three cargoes) are awaiting unloading at Jinhae Port.

The import growth was mainly driven by plate and special steel manufacturers. POSCO, which had limited import activity in recent months, re-entered the market and declared a large volume of cargoes, while SeAH Besteel and SeAH Changwon Specialty Steel also expanded their procurement volumes. Meanwhile, activity in the long steel sector remained relatively moderate, with Dongkuk Steel accounting for the majority of planned arrivals in this segment, and additional cargoes continuing to await unloading at Jinhae Port.

The recent increase in import declarations indicates that major South Korean steelmakers are actively replenishing raw material inventories. Market participants will closely monitor whether the rise in import volumes translates into increased spot purchasing activity in the coming weeks.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com