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13 Feb
22:37

China’s scrap use lags behind expectations: Morgan Stanley

China’s scrap use is in reverse, with the country’s target of 15% EAF share by 2025 looking optimistic. The cyclical and long-term issues keeping scrap use lower than expected are unlikely to shift in the near term, with iron ore and met coal the beneficiaries, says Morgan Stanley. “Long touted as one of iron ore's big disrupters, China's ‘tidal wave of steel scrap’ so far remains elusive; scrap use is at its lowest level in s…
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