Steel production, scrap demand to rise: MBR

Jan 31, 2014 | 03:35 PM |

Tags  steel, scrap, iron ore, pig iron, metallics, raw materials, Brad MacAuley, Metal Bulletin Reserach MBR

NEW YORK — U.S. crude steel production will increase 4 percent this year to about 90.5 million tonnes from 87 million tonnes in 2013, boosted by increased demand for industrial production and housing starts, according to Metal Bulletin Research (MBR).

Ferrous scrap demand will climb nearly 7 percent to 64 million tonnes in 2014 from about 60 million tonnes last year, MBR metals analyst Brad MacAulay told attendees at AMM’s 19th Annual Mexican Steel Forum in Cancun. "U.S. scrap consumption will increase at a faster pace than crude steel output....

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