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17 Oct
12:36

BIR foresees increased scrap usage, price stability

The third-quarter decline in Chinese steel exports, improved steelmaking raw materials prices, and mergers between Chinese mills signal better times ahead for ferrous scrap, according to the Bureau of International Recycling (BIR). The highs and lows of scrap pricing in Q3 were still historically cheap, but the range was within a more typical 5% bandwidth, in contrast to the volatility seen in the first half of 2016. Chinese monthly exports of finished and se…
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