China's demolition ferrous scrap recycling rises on demand

The volume of ferrous scrap recycled from construction sites in China expanded this month as scrapyards ramped up their collecting and processing of the steelmaking raw material in response to growing demand from steelmakers, Mysteel's latest survey showed.

During the first three weeks in August, the quantities of steel scrap collected from demolition sites by the 105 scrap recycling companies under Mysteel's regular tracking averaged 13,786 tonnes per week, jumping by 9.4% from the weekly average in July. Chinese steel producers, including both blast furnace (BF) and electric-arc-furnace