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.
“EAFs are a great technology, and as you incorporate iron making in that for the flat-roll side, that becomes the bridge."
The industry is fighting a lot of challenges with U.S steelmakers fighting pig iron prices and supply and demand across the board has slowed. Will this slump end anytime soon?
Sims says it is banking on decarbonization efforts and the growth of Electric Arc Furnaces to continue to drive North American demand for scrap.
Radius Recycling posted a net loss of $199 million in the third quarter, citing costs related to “challenging market conditions for recycled metals” over the past year.
Several factors, including overall tightness in scrap supply, continues to create bullish momentum on Midwest premium.
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The projects are part of a larger, $6-billion DOE agenda funded by the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA).