IREPAS ATHENS 2017: Higher-grade scrap prices to rise as EAF mills aim to conserve electrodes

Higher-grade ferrous scrap prices are likely to diverge from other grades in the coming months as electric arc furnace-based (EAF) steelmakers look to conserve graphite electrodes.

“We are likely to see growing price differentials between high- and low-grade scrap from November or December as steelmakers look to use higher-quality ferrous scrap in their EAFs to better conserve electrodes,” Sundeep Rao, director at Oman's Sharq Sohar Steel Group, told Metal Bulletin on Tuesday September 26.

Rao was speaking on the sidelines of the Steel Orbis 2017 Conference and 77th Irepas (International Rebar Exporters & Producers Assn) meeting...

Published

Viral Shah

September 26, 2017

13:08 GMT

Athens