Price of Iron Ore, page-1564

Courtesy of Stock…
Each tonne of crude steel produced with scrap via the EAF route also pumps out 0.5t of CO2 emissions.

Blast furnaces, using iron ore and coal, clock in at four times that.

But scrap has been in short supply recently, while high power prices have also aided in China’s consumption fall over the past three years, Westpac’s Justin Smirk said in a note.

“This is somewhat surprising as we would expect the supply of scrap to be lifting and the resulting increase in iron ore demand has resulted in a tighter iron ore market,” Smirk said. DYOR please