Scrap prices in Japan may be restricted by insufficient electricity supply

  • Friday, January 29, 2021
  • Source:ferro-alloys.com

  • Keywords:Japan,scrap steel
[Fellow]Scrap prices in Japan may be restricted by insufficient electricity supply

Ferro-alloys.com:Due to the lack of power supply this winter, Tokyo Electric Power Company (TEPCO) decided to limit the power supply, requiring large-scale production including electric arc furnace (EAF) plants to reduce power consumption.

However, this decision may affect the scrap consumption and steel production of electric arc furnace plants, which will further limit scrap prices in the short term.

It is understood that some steel plants in the Kanto region have closed or planned to suspend some steelmaking facilities.

  • [Editor:zhaozihao]

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