22
Apr
13:21
Reduced China exports to benefit scrap, BOF producers
The global scrap industry and steel suppliers in some countries are going to benefit from China’s steel export reduction, Shanghai Metals Market (SMM) chief executive Ian Roper said at the Kallanish Asia Steel Markets 2021 conference on Thursday. This is because demand for scrap will rise significantly, but for iron ore it will subside, lowering BOF-based steelmakers’ costs.
The China Metallurgical Planning & Research Institute (MPI) also…
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Anonymous
Very good overview of the weekly steel market.
Anonymous