Metallic raw materials demand seen growing

Apr 11, 2012 | 03:47 PM | Catherine Ngai

Tags  Critical Commodities Conference, International Iron Metallics Association, Catherine Ngai

NEW ORLEANS — U.S. demand for metallics-based raw materials like pig iron, hot-briquetted iron (HBI) and direct-reduced iron (DRI) will continue to grow this year due to more-affordable energy costs and growing steel demand, according to Frank Griscom, secretary of the International Iron Metallics Association.

"Looking at the U.S. metallic imports, we imported about 5.5 million metric tonnes of these materials in 2010 and that gradually increased to 6 million tonnes in 2011," Griscom told delegates Wednesday at the Critical Commodities Conference in New Orleans. "We’re looking for a strong year in 2012 as the flat-products industry continues to improve."....

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