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17 Sep
07:21

China releases scrap sector five-year plan

The China Association of Metalscrap Utilization approved and released the 14th Five-Year (2021-2025) Development Plan for China's ferrous scrap industry at its membership meeting held last week in Tangshan, Kallanish notes. According to the official document, China's scrap supply reached 260 million tonnes in 2020, of which 233mt were consumed by the steel industry. Last year, the ratio of scrap in total Chinese crude steelmaking feedstock hit a record hig…
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