According to the Korea Iron and Steel Association, steel inventories totaled 26.06 million tonne in 2007 reaching a peak high.
If the increasing rate of annual steel inventories stays at around the current 5.6% South Korea will reach self sufficiency in terms of scrap by 2022, if the rate stays at 3.2%.
The association indicated that scrap amounts will continue to increase by improving the technical and collection systems.
(Sourced from YIEH.com)
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