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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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February 2019 | Steel Scrap and Metallics Forecaster


Scrap-based steelmaking is becoming more cost-efficient than hot metal production globally: Latest Analysis


Although detailed Chinese trade statistics remain unavailable, there are indications that the country has started to import pig iron again with volumes hitting record high since 2011 exceeding, 680,000 tonnes in 2018.

Scrap-based steelmaking is becoming more cost-efficient than hot metal production globally

Quarterly intelligence from our Steel Cost Service has revealed that an average integrated mill had crude steel production costs exceeding those at an average mini-mill in the fourth quarter of 2018, for the first time since at least 2010. And while developments in some countries like Japan were in tandem with the global trend, the situation in China has remained opposite. We estimate that hot metal production costs have remained...

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