17
Dec
00:00
Scrap prices seen declining further, boosting EAF competitiveness versus BF mills
Scrap prices have room to fall further and boost the competitiveness of scrap-based steelmakers against their iron ore-based counterparts. The latter have the upper hand after ore prices fell to a five-year low, according to Przemys?aw Sztuczkowski, president of Polish steelmaker Cognor. The company operates two electric arc furnace-based steelworks.
The only thing scrap-based mills can do in the current situation is to reduce scrap buying prices, although t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous