15
Nov
07:54
Shagang steel production increases with scrap usage surge
Jiangsu Shagang Group reports that it produced 15.55 million tonnes of pig iron, 19.35mt of crude steel and 18.98mt of finished steel production over January to October. This was respectively up by 1.5%, 14.9% and 12.8% year-on-year. The differing pace in growth between iron and steel output shows the extent of the increase in scrap usage at Shagang this year, which estimates purchasing volumes of around 6mt of scrap.
Official data from the China Associatio…
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Anonymous
Very good overview of the weekly steel market.
Anonymous