What connects loading of coking coal from Australian ports with ferrous scrap from New Jersey, USA? And what does this combination mean for Turkey's electric arc furnaces?
FOB Australia coking coal prices doubled in a month from mid-August to mid-September following further destruction of mines in Australia and a slowdown in local coal production in China. Prices rose above $ 240 /ton FOB. Coal is currently more expensive than iron ore, accounting for about 60% of the total cost.
Blast furnaces make up the majority of steel production globally, and the vast majority in China and the Commonwealth of Independent States. Therefore, by changing the purchase of raw materials, you can reduce the cost. This includes adding more scrap metal and richer iron ore to the kiln, which reduces coke consumption in production. Currently, Turkish producers are buying more competitive scrap metal.
Interrelation of prices of steelmaking raw materials
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Azovpromstal® 25 October 2016 г. 11:44 |
