08
Dec
06:19
China to double scrap usage rate over 2016-2020
China has completed a plan to promote the scrap industry over 2016-2020, according to the China Association of Metalscrap utilisation (CAMU). It aims to increase scrap usage in crude steel production from 10% to 20% over five years, Kallanish notes.
Li Shubin, the general secretary of CAMU, told csteelnews that, “Achieving the 20% goal is possible for China by the end of 2020, we have enough supply theoretically.” Over 2016 to 2020 China will see a b…
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Very good overview of the weekly steel market.
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