News
From January to June 2024, the Consumption of Scrap Steel Increased by 5.4% Year-on-year
Issued at 2024-08-01
Tweet
From January to June 2024, China's pig iron production was 435.62 million tons, a year-on-year decrease of 3.6%; The crude steel production was 530.57 million tons, a year-on-year decrease of 1.1%; The total consumption of scrap steel in China was 122.54 million tons, an increase of 6.31 million tons or 5.4% year-on-year; The comprehensive scrap steel consumption is 230.95 kg/ton, an increase of 14 kg/ton year-on-year, an increase of 6.4%. Among them, the converter scrap steel consumption is 185.27 kg/ton, an increase of 12.6 kg/ton year-on-year, an increase of 7.3%, and the electric furnace scrap steel consumption is 650.2 kg/ton, an increase of 33.3 kg/ton year-on-year, an increase of 5.4%; Scrap steel accounted for 23.1%, an increase of 1.4 percentage points year-on-year; The ratio of electric furnace steel is 9.83%, a decrease of 0.15 percentage points year-on-year.
Source: chemnet.com
Tweet
Related News
- Trump's 50% Tariff Hike on Brazil Also Unsustainable for the U.S.
- US tariffs pose threat to Brazil’s mining, steel
- Brazil's Drop In Key Exports To The United States: What Happened And Why It Matters
- Brazil: Iron ore exports rise 10% y-o-y in Jun'25
- Overview of China's aluminium production in June 2025 and forecast for July
- ‘Nail in a coffin’: Trump’s steel, aluminum tariffs bleed Indian foundries
- India’s Hindalco to acquire US alumina maker AluChem
- Global iron ore market: 2025 outlook
- See all News
