- China’s steel scrap consumption climbed 18% to 183.17 mnt in the first nine months of 2021 (Jan-Sept’21) as against 155.2 mnt in the same period in 2020, as per data released by Bureau of International Recycling (BIR).
- This increase reflects in part the goal of higher steel scrap usage announced in China’s latest Five-Year Plan so as to reduce CO2 emissions from crude steel production.
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