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09 Feb
19:10

Scrap outlook depends on government policies: BIR

The outlook for the global scrap market will depend on government policies rather than traditional supply and demand fundamentals, according to William Schmiedel, Bureau of International Recycling (BIR) Ferrous Division president. In 2016 Chinese steel demand growth was stronger and capacity closures “… more aggressive” than anyone anticipated, Schmiedel says in BIR’s latest quarterly ferrous metals world mirror obtained by Kallanish. Th…
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