US scrap usage forecast to reach 64M tonnes

Oct 22, 2013 | 09:03 AM |

Tags  scrap consumption, U.S. scrap consumption, ferrous scrap, busheling, shredded, prime scrap, obsolete scrap, Metal Bulletin Research

LONDON — U.S. scrap consumption will climb 7 percent to 64 million tonnes in 2014 as steel mills raise their finished steel output, according to AMM sister publication Steel First, citing estimates by Metal Bulletin Research (MBR).

The increased production will target recovering demand from the construction and manufacturing industries, and will come on the back of weaker levels in 2013.

U.S. crude steel output is forecast to fall to 87 million tonnes this year from 89 million tonnes in 2012, largely due to lower levels of finished steel production in the first half of the year.....

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