Shagang (EAF) steel plant
Shagang (EAF) is the largest ferrous scrap consumer in China. It has six electric arc furnaces with a crude steel capacity of 6 Mtpa. The EAF plant consumes an estimated 2.0 Mtpa of obsolete scrap. Around 60% of the obsolete scrap is sourced from the seaborne market, mainly from United States and South Korea, making the plant China's largest scrap importer. However, the plant has a relatively low scrap-to-steel ratio as it tends to use hot metal to replace scrap in the furnaces as hot metal is more efficient and economical.