Nowhere near enough scrap in the world to satisfy the steel the global market requires now, let alone the forecast increases over the next few decades. Iron ore / blast furnace production of Iron will be the dominate production route for decades to come. BSL will make a decision on relining a Blast Furnace at PK in the near future which will be a commitment for at least 20 years. China/India are still building many Blast Furnaces.
BSL Price at posting:
$19.04 Sentiment: Buy Disclosure: Held
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