scrap metal consumption
News Global Market scrap metal
21 October 2022
The negative trend in demand for scrap is supported by the decline in global steel production
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- BYD has chosen voestalpine as its steel supplier for its Hungarian car plant
- Tenaris has begun construction of its second wind farm in Argentina
- Metinvest has created protective armor for Patriot air defense systems
- Arvedi Group raises €900 million to expand production and decarbonize
- Domestic demand for steel in China continues to fall
- Construction works performed in Ukraine in January-April fell by 13% y/y
- Emissions in China’s steel industry sector rose by 17.9% y/y in May
- The European Commission has adopted a new state aid system for clean industry
- Ukraine reduced iron ore exports by 13% y/y in January-May
- The UK has opened consultations on trade defense measures for steel
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