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China’s resumption of scrap imports seen unlikely to help costs, EAF development China’s move to allow ferrous scrap imports to restart in January is likely to have a limited impact on domestic steelmaking costs, constrained by the lack of scrap available globally to import, market sources said Jan. 13. While the more optimistic sources said scrap imports could reach 10 million mt/year in 2021 if domestic steel margins remain strong, others expected the volume would be well below 10 million mt as recovering overseas demand for scrap has pushed up seaborne scrap prices. “Even if there is policy support, scrap imports won’t be too high as there is limited Asian scrap trade volumes,” an east coast-based steelmaker said.

Jiangsu shagangChina association of metal scrap utilizationChina ministry of industryInformation technologyChina associationMetal scrapசீனா சங்கம் ஆஃப் உலோகம் ஸ்கிராப் பயன்பாடுசீனா அமைச்சகம் ஆஃப் தொழில்தகவல் தொழில்நுட்பம்சீனா சங்கம்உலோகம் ஸ்கிராப்