China tells mills to set up scrap processing centers amid shift to EAF steelmaking

China’s National Development & Reform Commission (NDRC) is encouraging steelmakers in the country to set up their own scrap recycling and processing centers in its latest guidelines to the steel industry.

“Steel mills are encouraged to build their own large-scale ferrous scrap collection and processing centers and increase the rate at which ferrous scrap is utilized,” the commission, China’s economic planning agency, said in a policy document posted late last week. Steel mills should consider the demand and supply fundamentals of the scrap market, as well as other transportation and logistical factors, as “strict” precursors...

Published

Paul Lim

May 14, 2019

06:20 GMT

Singapore