The Rising Influence of Rising Affluence

[dewophile]

The SA blogger presents what sounds like a compelling argument; however, he fails to mention that steel made from scrap rather than virgin iron ore is unsuitable for many applications.

while it is true that steel made from scrap is more limited in terms of purity/grade that can be manufactured, i question how significant a role this plays in the use of scrap in china. the larger issue i think remains the supply/demand of scrap and the feasibility of converting all the large blast furnaces that require ore to electric arc furnaces in a country like china

as of now china already imports much of its scrap and also has shortcomings wrt electricity that make blast furnaces likely to be the main source of steel for the foreseeable future from what i have read