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23 Nov
08:31

US utilisation, capacity to drive scrap increases

High US capability utilisation and new planned capacity could create tightness in the scrap market moving forward, Kallanish learns from Vital Solutions director Arshdeep Singh. Speaking at Kallanish’s Asia Steel & Raw Materials Trade Summit 2018 on Friday in Singapore, Singh told the gathered delegates that scrap flows are relatively inelastic and slow to respond to capacity utilisation spikes. According to the American Iron and Steel Institute, US…
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