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Japanese steel industry’s scrap consumption falls in Feb

According to statistics released by Japan’s Ministry of Finance, the Japanese steel industry purchased 1.973 million tons of scraps in February, falling by 8.4% year on year.
Among them, 1.849 million tons were carbon steel scraps, decreasing by 7.2%; 85,000 tons were alloy scraps, falling by 10% and 40,000 tons were pig iron scraps, down by 42.5%, all compared to those in the same period of a year ago.
Meanwhile, the Japanese steel industry’s scrap consumption was at 2.796 million tons in February, decreasing by 6.4% year on year.
Among them, the LD converter’s consumption of carbon scrap was at 662,000 tons, decreasing by 14.7%; that of alloy scraps was at 36,000 tons, rising by 7.8% and that of pig iron scraps was at 21,000 tons, decreasing by 4.6%, all compared to that in the same period of a year ago.

Source: Yieh.com

May 23, 2015 12:03
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