"The current proportion of scrap used in blast furnaces is just 8% while according to global standards, the scrap usage in blast furnaces can be as high as 20%. This means in the short term, scrap usage can increase in China without any need for building electric arc furnaces."
Interesting. Got a source for this? I recognize Market Realist. And Rio. But is this text from Market Realist?
Iron Ore Price, page-15020
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