02
Jun
01:00
Gunung Steel delay reveals Asian resources dilemma
News that Indonesia’s PT Gunung Steel is delaying the start-up of its third EAF because of low steel prices is a sign of the continuing dominance of basic oxygen furnace steelmaking in Asia. The advantage can only shift towards EAF steelmakers once global scrap prices fall and iron stabilises, Kallanish notes.
The 1.2 million tonnes/year EAF from SMS Siemag is meant to supply slab to Gunung’s plate rolling mills. The steelmaker imports up to 2m t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous