China’s scrap use to rise to 20 percent in ’15

Nov 11, 2010 | 11:55 AM |

China wants to raise its ferrous scrap consumption in steelmaking to more than 20 percent of total raw materials by the end of 2015, a Nanjing Steel official said, citing the latest proposals for China's five-year plan.

"China Iron and Steel Association (Cisa) has recently announced the 2011-15 plan for the scrap industry," Pan Luying, assistant chief engineer in the raw material department of Nanjing Iron & Steel Co. Ltd., said at the 6th Scrap Metal Congress in Shanghai.

"(According to the plan) the current rate of scrap consumption against total iron raw materials in steelmaking in China is about 14 to 15 percent, and China will increase the rate by expanding domestic consumption as well as imports," he said.....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results