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Sifting through the scrap: a closer look at China's steel recycling industry

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11 November 2019

Sifting through the scrap: a closer look at China's steel recycling industry

Report summary

In late October, Wood Mackenzie visited steelmakers and scrap processors in China's Jiangsu province. The purpose of the trip was to understand trends in the country's scrap industry, after the government launched two policies this year. One of the policies restricts ferrous scrap imports while the other encourages scrap use. Both have been prompted by pollution concerns but have created a dilemma.

Table of contents

  • Executive summary
  • Why is scrap expensive in China?
  • Why is China's scrap supply limited?
  • Does China lack scrap processing capacity?
  • How have EAF steelmakers been doing recently?
  • Some steelmakers are importing DRI, HBI and even pig iron to replace scrap in BOFs
  • Should iron ore miners be worried?
  • Appendix: scrap from our primary research

Tables and charts

This report includes 11 images and tables including:

  • Our forecast of EAF share in total steel output and scrap consumption
  • Heavy melting scrap price: China versus the US
  • EAF steel cost comparison
  • Imports of PI, HBI & DRI
  • Fe content of steelmaking metallics
  • A baller of scrap, weighing about 0.7 tonnes
  • Unprocessed ship decks
  • Silicon steel scrap
  • Rebar granule, mixed with other scrap
  • Offcuts from shipbuilding
  • A scrap shredder line

What's included

This report contains:

  • Document

    Sifting through the scrap: a closer look at China's steel recycling industry

    PDF 2.06 MB

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