Primary Raw Materials for Steelmakers: Scrap and Pig Iron
Most of the daily steel we so much need is obtained now in electric furnaces, for which the main raw material is scrap. The scrap market is a very sensitive one, depending very much on internal collect, exports and imports, the market of steel and freight. Commerce with scrap is one of the most inte...
| Main Author: | |
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| Format: | Article |
| Language: | ron |
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Institute for World Economy
2011-10-01
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| Series: | Revista de Economie Mondială |
| Online Access: | http://iem.ro/rem/index.php/REM/article/view/46/32 |
| _version_ | 1811258730883317760 |
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| author | Cristina Bumbac |
| author_facet | Cristina Bumbac |
| author_sort | Cristina Bumbac |
| collection | DOAJ |
| description | Most of the daily steel we so much need is obtained now in electric furnaces, for which the main raw material is scrap. The scrap market is a very sensitive one, depending very much on internal collect, exports and imports, the market of steel and freight. Commerce with scrap is one of the most intense among all the countries of the world and covers all the routes and regions. Every ten years or so importers become exporters and vice versa, due to the period of life of the metallic products. For example, China was for the last 10 years one of the biggest importers (after Turkey, which is number one in importers' hierarchy), but prognoses tell that in 2-3 years China might become self-sufficient due to the investments which began some 20 years ago. USA was one of the largest exporters, but some 3 years ago some analysts advanced the idea that it may become a net importer (it didn't happened, though). The scrap market is not only important, it is also very interesting, with twisted evolutions and volatile prices in some periods. |
| first_indexed | 2024-04-12T18:18:55Z |
| format | Article |
| id | doaj.art-96be3319f1624525a66af66dd0e2c5a2 |
| institution | Directory Open Access Journal |
| issn | 2343-9521 2343-9521 |
| language | ron |
| last_indexed | 2024-04-12T18:18:55Z |
| publishDate | 2011-10-01 |
| publisher | Institute for World Economy |
| record_format | Article |
| series | Revista de Economie Mondială |
| spelling | doaj.art-96be3319f1624525a66af66dd0e2c5a22022-12-22T03:21:31ZronInstitute for World EconomyRevista de Economie Mondială2343-95212343-95212011-10-01343349Primary Raw Materials for Steelmakers: Scrap and Pig IronCristina Bumbac0Institutul de Economie MondialaMost of the daily steel we so much need is obtained now in electric furnaces, for which the main raw material is scrap. The scrap market is a very sensitive one, depending very much on internal collect, exports and imports, the market of steel and freight. Commerce with scrap is one of the most intense among all the countries of the world and covers all the routes and regions. Every ten years or so importers become exporters and vice versa, due to the period of life of the metallic products. For example, China was for the last 10 years one of the biggest importers (after Turkey, which is number one in importers' hierarchy), but prognoses tell that in 2-3 years China might become self-sufficient due to the investments which began some 20 years ago. USA was one of the largest exporters, but some 3 years ago some analysts advanced the idea that it may become a net importer (it didn't happened, though). The scrap market is not only important, it is also very interesting, with twisted evolutions and volatile prices in some periods.http://iem.ro/rem/index.php/REM/article/view/46/32 |
| spellingShingle | Cristina Bumbac Primary Raw Materials for Steelmakers: Scrap and Pig Iron Revista de Economie Mondială |
| title | Primary Raw Materials for Steelmakers: Scrap and Pig Iron |
| title_full | Primary Raw Materials for Steelmakers: Scrap and Pig Iron |
| title_fullStr | Primary Raw Materials for Steelmakers: Scrap and Pig Iron |
| title_full_unstemmed | Primary Raw Materials for Steelmakers: Scrap and Pig Iron |
| title_short | Primary Raw Materials for Steelmakers: Scrap and Pig Iron |
| title_sort | primary raw materials for steelmakers scrap and pig iron |
| url | http://iem.ro/rem/index.php/REM/article/view/46/32 |
| work_keys_str_mv | AT cristinabumbac primaryrawmaterialsforsteelmakersscrapandpigiron |