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18 Jun
23:16

Scrap supply tightening, Red Sea disruption ‘decisive’: panel

Largest scrap suppliers the EU and US will see exports halve in the next 5-6 years due to increased domestic demand as steelmakers decarbonise. This means current scrap importers will need to find alternative sources or use more ore-based metallics, according to McKinsey & Company associate partner Alexander van de Voorde. Scrap generation in the mature supplier economies will grow only slowly and barely for prime scrap. This will see regulators holding s…
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