Loading
Ferrous scrap: rising use in steel production in China
The ferrous scrap utilisation in steel production among major Chinese mills (integrated and EAF steelmakers, as well as mills using both blast furnace and EAF technology) increased by 2.35% in March, to an average of 23%. Last month, steel mills held 4.75 million...
Steel: Asian scrap prices expected to remain stable in Q2
Prices of hot-rolled coil, rebar and ferrous scrap in Asia are expected to remain stable in the second quarter, following a surge in the first quarter, as supply chains gradually recover and markets continue to assess the impact of Russia’s invasion of Ukraine....
Steel scrap: LME contracts fall as March volumes set new records
Short-term steel scrap futures contracts on the London Metal Exchange fell sharply in the week of 7 April as trading volumes declined. The April contract fell by $8.75/mt to $636.50/mt on 7 April. The May contract fell $30.75/mt to $609.50/mt, while the June contract...
Steel: Ukraine’s Zaporizhstal restarts production
Ukrainian mining and steel company Metinvest reported today that it is partially resuming operations at its Zaporizhstal steel plant, the group’s JV where it holds a 49.99% stake, and aims to reach 150,000 tonnes of production next month. The Zaporizhstal coil...