16
Aug
08:37
CAMU: Steel mills' scrap use grows sharply on-year
In the first half of 2017 China consumed 62.24 million tonnes of ferrous scrap in steelmaking, up by 46.1% year-on-year according to China Association of Metalscrap Utilisation executive vice-president Li Shubin. The steelmaking scrap usage ratio increased by 3.7 percentge points from a year earlier to 14.8% over January to June, Kallanish notes.
CAMU’s scrap consumption and usage ratio data are mainly collected from major Chinese steel mills. Small p…
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Anonymous
Very good overview of the weekly steel market.
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