China's environmental policy has helped to boost scrap usage, according to the Bureau of International Recycling. Most blast furnaces have increased scrap input, and many electric arc furnaces, which process scrap into steel, are being installed, the bureau said. Recycled steel scrap generated 19.5% of crude steel output in the first half, up 4.6% from a year earlier, Li Shubin of China Association of Metal Scrap Utilisation, said last month. In the period, scrap used for steel production rose 41% to 87.7 million tonnes, Mr Li said. As mills target greater scrap consumption, prices have surged. So far this year, heavy steel scrap has averaged 2,530 yuan (S$503) a tonne in the steel-making hub of Tangshan, according to Shanghai Steelhome E-Commerce Co. That compares with 1,935 yuan last year and 1,458 yuan in 2016. Scrap usage reduces the use of coal and iron ore, and cuts emissions and output of solid waste, according to the China association. Using scrap instead of iron ore can also remove the need for sintering - the polluting process by which grainy fines are stuck together for use in furnaces. By 2025, the association aims for scrap to account for 30% of steel production.
Sources:XINDE MARINE NEWS
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