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Vale, Midrex to partner on iron ore briquette project
Scrap/DRI feeding ratios typically vary from 70/30 to 10/90, depending on the steel being produced and the availability of scrap, according to Midrex.
Scrap/DRI feeding ratios typically vary from 70/30 to 10/90, depending on the steel being produced and the availability of scrap, according to Midrex.
Great Lakes area mills have entered the September ferrous scrap market.
Smelters may choose to increase their use of secondary materials, including scrap, to mitigate their losses.
Hopes for stabilization or even a slight recovery is fading as more players expect further declines in September.
North America is not quite speaking with one voice about China, but the cooperation is evident.
Hopes of a bottom fading as export prices collapse and industrial scrap shows signs of slowing.
US manufacturing activity contracted for a fifth straight month in August, Institute for Supply Management (ISM) said.
“It shouldn’t come as a huge surprise who has the market power..."
Market movements and economic highlights to start your week.
Go forth and mingle, urged Michael Smerconish at Steel Summit 2024.