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09 Feb
00:00

Slump in scrap price boosts EAF competitiveness, says Irepas

The regression in scrap prices to 2009 levels during the last fortnight is prompting scrap-based mills to rebalance production costs against their iron ore-based counterparts: This will be the most “interesting” short-term development in the global steel market, the International Rebar Producers and Exporters Association (Irepas) says in its February short-range outlook sent to Kallanish. Scrap prices were supported from the start of 2015 by…
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