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Home / Metal News / Rise in Overseas Steel Prices and Steel Scrap Prices to Slow Down in March after Massive Blast Furnace Restarts

Rise in Overseas Steel Prices and Steel Scrap Prices to Slow Down in March after Massive Blast Furnace Restarts

Mar 10, 2023 11:33

Source:SMM

SHANGHAI, Mar 10 (SMM) - In the overseas market, SMM’s preliminary statistics showed that the restarts of blast furnaces since the beginning of the year has led to an increase of 89,000 mt of pig iron output per day.

SHANGHAI, Mar 10 (SMM) - In the overseas market, SMM’s preliminary statistics showed that the restarts of blast furnaces since the beginning of the year has led to an increase of 89,000 mt of pig iron output per day. Growing supply has slowed down the rise in steel prices, which will cap the gains of steel scrap prices.

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