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26 Oct
15:00

‘Scrap wars’ replace trade wars amid decarbonisation: KPMG

Steelmaking decarbonisation will lead to scrap trade restrictions, resulting in “scrap wars” that will significantly lift prices of the feedstock and impact Turkish mills’ competitiveness, KPGM says in its “Steel Industry Outlook - 2022” report. The consultancy predicts the trend of steel production from scrap, in line with the global zero carbon target and the tendency of China, the USA, EU and Russia to keep their own scrap in their…
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