30
May
16:53
BIR anticipates greater scrap consumption, led by China
Global crude steel production in electric furnaces grew 8% on-year in 2017 to 445 million tonnes, with BOF-based output growing at only 2.3% to 1.23 billion tonnes. This is good news for scrap suppliers, according to the Bureau of International Recycling (BIR)’s statistics advisor Rolf Willeke. Global scrap use in 2017 is estimated to have been 600mt.
In China scrap use soared to 147.5mt in 2017 from 90.1mt in 2016, although this is because induction …
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Anonymous
Very good overview of the weekly steel market.
Anonymous