23
Mar
13:34
Egypt car scrapping scheme has limited scrap impact
Egypt’s car scrapping scheme is unlikely to generate sufficient ferrous scrap to have a noticeable impact on domestic supply, Egyptian steel market participants tell Kallanish.
Egypt’s trade and industry ministry recently announced a scheme to scrap 250,000 vehicles aged at least 20 years and replace them with natural gas vehicles (NGVs) in order to reduce pollutant emissions. The NGVs will be required to contain at least 45% of local content. The mini…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous