Tag: short-term ferrous scrap outlook
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Global recycled steel usage rises 5% y-o-y in H1CY’24 – BIR report
The BIR Ferrous Division now prefers the term “recycled steel” over “steel scrap” to better engage the public and policymakers regarding the significance of recycled materials in global steel production. Approximately 630 million tonnes of recycled steel are utilised annually, leading to a reduction of nearly 950 mnt of CO2 emissions while conserving energy and…