MYSTEEL: Chinese BF mills’ Jul scrap feeds steady at 15%

Steel scrap consumption among the 130 blast-furnace (BF) steelmakers across China stayed at a reasonable level of 14.93% throughout July, or up a tiny 0.18 percentage point on month, though the scrap utilization ratio in steelmaking among the 32 steel mills in North China was higher at 19.09%, according to Mysteel’s regular survey.

Higher scrap utilization among the steel mills in North China had to do with the fact that local scrap supply had not been as per normal, while steel mills’ output has been rising on the anticipation of better demand and higher steel prices, according to the latest survey. The rebar price in Beijing, for