South Korea to stockpile steel scrap.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
Read More Add to Saved list
  • Additional Information
    • Subject Terms:
      South Korea
    • Subject Terms:
      POSCO (Company) ; South Korea. Ministry of Strategy & Finance
    • Abstract:
      The article reports on plans by South Korea to stockpile steel scrap in order to address fluctuations in supply and costs. The move is aimed at aiding local companies, including POSCO. According to Kim Min, director of the Ministry of Economy's Metals & Chemicals division, approximately 150,000 tons of steel scrap would initially be stored by the government and would use KRW50 billion from the supplementary budget for the initiative.