26
Nov
00:00
Chinas shipbreakers struggle in weak scrap market
China’s shipbreakers have been booking losses this year as domestic scrap prices have struggled in the face of plummeting iron ore, according to a recent report by the Ministry of Industry and Information Technology (MIIT). China’s spot scrap market has been hit by the fact that it is in direct competition with hot metal in both basic oxygen furnaces and electric arc furnaces, Kallanish notes.
Over January-June the country’s shipbreakers bo…
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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