Stronger global demand for higher-grade steel scrap was justification for higher premiums for quality materials, market participants said during Fastmarkets' virtual conference on Scrap, DRI and Mini-Mills on Tuesday April 13.
Asian countries such as Indonesia, Malaysia, Bangladesh, India and Pakistan, in addition to China, have increasing needs for higher-quality scrap, leveling the grade demand across the world, according to Sean Daoud, vice president for PNW Metal Recycling, a scrap supplier based in the north-western US state of Washington.In turn, steel mills accept higher prices for such...