Tag: China Scrap Consumption
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China’s increasing scrap usage in crude steel-making offsetting iron ore demand
Steelmakers increase scrap usage to meet environment goals Ferrous scrap consumption to increase 23% by 2025 Iron ore demand for steelmaking to drop by 2% this year Iron ore imports to fall further this year As China is striving towards achieving net zero emissions by 2060, the steel producers in the country are gradually increasing…