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China Seesawed China sends perpetual effect across global trade circles even the slightest change in government policy relating to steel or shift in demand-supply dynamics. China's dominance over the industry is seen with the current volatility in prices and supply of scrap, Iron ore and steel. It currently produces around 11 percent of its steel from scrap, compared to over 70 percent in the United States, suggesting it may have plenty of room to grow in recycling the material. Data from the World Steel Association and CLSA showed China last year generated a record 143 million tons of steel scrap, up nearly fourfold from 2002. Domestic demand in China got a boost with the positive impact of a stimulus measure in the form of large infrastructure investment in road and rail networks, urban infrastructure and changes in the property market. The recent abundance of scrap in China followed Beijing's decision to shut mills churning out low-quality steel from induction furnaces - typically big users of scrap - as part of its drive against pollution and a glut in steel supply.
Steel 360 is a monthly magazine covering the metal and mining industry in India. The magazine is currently read by over 5,000 people in the metal and mining fraternity across the country (print circulation only in India). Each issue of the magazine carries a highly informative cover story; write ups on trending topics, market prices & offers, current news from the metal & mining industry, latest technology trends, columns from industry veterans, import-export statistics, information on upcoming events and much more. The magazine is a comprehensive handbook to numerous Managing heads, Directors, CEOs, Technical Heads, Marketing/Purchase/Sales Managers, Analysts and other key decision makers at various business groups in the metal, mining, research, financial services, infrastructure and other related sectors. Web: http://www.steel-360.com