10
Apr
06:42
Chaoyang lowers costs by using less scrap
Chaoyang Iron & Steel has adjusted the amount of scrap used in its blast furnaces to attempt to lower steelmaking costs, Kallanish notes. This is because of increasing domestic scrap costs in China.
Because the increase in scrap prices is greater than the corresponding increase for steel products, Chaoyang has focussed on adding more waste products such as slag in the ironmaking process. It has managed to reduce the amount of scrap used overall in the s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous