03
Nov
05:24
Fubao forecasts steady Chinese domestic scrap demand
Fubao info, the scrap information reporter, forecasts 2023 China domestic scrap demand will be 242.01 million tonnes, which is 6% higher year-on-year, but still lower than 2021, Kallanish notes.
Blast furnace-based mills' demand would account for 65% of the total, the same proportion as in 2022.
In terms of regions, southern China and northern China demand would see year-on-year increases of 3.8% and 20%, respectively. For southern China, the improvemen…
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Anonymous
Very good overview of the weekly steel market.
Anonymous