26
Feb
12:59
Chinese scrap use to grow further: BIR
Chinese scrap consumption rose 64.2% on-year in 2017 to 147.9 million tonnes, and is set to grow further with China’s electric arc furnace capacity seen reaching 120m t/year in 2-3 years’ time, according to the Bureau of International Recycling (BIR).
The growth last year was due to the Chinese government instructing BOF mills to increase their scrap consumption from 11% to 20%. This quota could be increased to 30%, BIR says in a note sent to Kallani…
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Anonymous
Very good overview of the weekly steel market.
Anonymous