The total global seaborne trade in ferrous scrap in the first half of calendar year 2021 (H1CY’21) is up 11% y-o-y to 33.22 million tonnes (mn t), compared to 29.91 mn t seen in H1CY’20, as per SteelMint’s data. In...
- October 18, 2021
Bangladesh, one of the emerging steel markets in Asia, has been witnessing a rapid increase in steel production capacities since the last couple of years. Rising steel-making capacities are driving raw material imports like steel scrap, pig iron and DRI...
- November 6, 2019
In a move that aims to spur growth of vehicle recycling agencies across the country and increase adoption of electric vehicles, the Ministry of Road Transport and Highways (MoRTH) has proposed a draft notification for scrappage of vehicles older than...
- August 1, 2019
China, the world’s largest ferrous scrap consumer, has witnessed a jump in its domestic ferrous scrap prices to above USD 400/MT, a record new 2019 high following supply tightness amid seasonal issues, high utilisation rates for electric arc furnaces (EAFs)...
- July 27, 2019
Neelachal Ispat Nigam Ltd (NINL), a public sector steel entity and largest merchant supplier of steel grade pig iron, is battling raw material crisis on financial issues. Sources privy to the development said, NINL is battling hard to buy iron...
- July 26, 2019
