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MYSTEEL: China May scrap use in steel output tops 27.1%


Steel scrap utilization in the crude steel produced by the 211 Chinese steel mills sampled in Mysteel’s regular survey increased for a third month in May by another 1.74 percentage points to 27.13% on average. The survey samples integrated and electric-arc-furnace (EAF) producers, as well as those mills using both blast furnace (BF) and EAF technologies.
As of end-May, these 211 surveyed mills held 7.74 million tonnes of steel scrap in inventory, or higher by 634,100 tonnes on month. Their total steel consumption during May also increased by 1.4 million tonnes on month to 18.3 million tonnes, thesurvey showed. The continuous increase in scrap use in domestic steel output mainly reflected the rise


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