China plans to increase iron ore output, boost use of steel scrap
Mining News Pro - China, the world’s top steel producer, said on Monday that it aims to “significantly increase” mines’ iron ore production and boost utilisation of steel scrap, as part of a plan to develop a higher quality, greener ferrous industry.
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Tokyo Steel Scrap Purchase Price Hit 2 Year Low
Mining News Pro - The steelmaker has lowered the domestic scrap purchase prices by another JPY 500-1000/t today after witnessing 7 price cuts in June month.
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World`s Major Countries Increased Steel Scrap Consumption in H1 CY18
Mining News Pro - China increases ferrous scrap usage by 41% - In the first six months of 2018, there was a 41% increase in steel scrap usage for crude steel production in China to 87.7 MnT, as per data compiled by BIR. This compares to 62.2 MnT in the same period of 2017 and underlines China’s position as the world’s largest steel scrap user.
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Global Steel Scrap Exports Surged 4% to 87.13 Mt in 2016
Mining News Agency - The steel industry statistics released by the World Steel Association (worldsteel) suggests that world steel scrap exports ended 4% higher in 2016, upon comparison with the previous year. The exports totaled 87.127 million tons (Mt) as compared with 83.848 Mt of scrap exported during 2015.
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