China’s Policy Shift Implies Major Repercussions for Steel Scrap Flows
Objectives enshrined in China’s 14th Five-Year Plan include cutting domestic crude steel production capacity and boosting the use of scrap-intensive electric arc furnaces over the more traditional blast furnace route. China’s policy shift implies “reducing its reliance on iron ore and increasing its consumption of imports such as scrap and steel billets”, observed Lee Allen, […]
