Can ferrous scrap be a game-changer for the industry?
The writer of this article estimates suggest that global scrap availability – the amount of ferrous scrap that can be collected and melted – stood at about 700 million metric tons in 2016. Global scrap availability is expected to reach approximately 1 billion metric tons by 2030, which suggests that the steel industry will be increasing its use of ferrous scrap considerably. What does it all mean, particularly considering the industry’s environmental footprint? Read the article from the World Steel Association here.