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Tag: China ferrous scrap market

  • MYSTEEL: China steelmakers reduce scrap use to cut costs

    MYSTEEL: China steelmakers reduce scrap use to cut costs

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    by

    Anshuman
    in

    Chinese blast furnace (BF) steelmakers are tending to use less ferrous scrap in their production these days because compared with hot metal, scrap materials are more expensive as a steelmaking raw material, Mysteel’s latest survey showed. Over 28 June- 4 July, the volume of steel scrap used by the 130 BF mills under Mysteel’s tracking…