China ferrous scrap industry reaches impasse
Jan 06, 2014 | 11:29 AM
SHANGHAI The Chinese ferrous scrap industry, considered to have big prospects due to the countrys growing demand for greener steelmaking raw materials, hit an impasse in 2013.
While Chinas crude steel output continued to rise, mills have generally been consuming less scrap in recent years.
A drop in domestic trade curbed prices, and many companies either shelved or reduced scrap imports in the second half of 2013.
Ferrous scrap imports for the first 10 months of 2013 dropped 10 percent year on year to 3.79 million tonnes.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.