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China's 2010 Scrap Consumption To Total 92.02M Tons: Estimate
China's ferrous scrap consumption is estimated to total 92.02 million tons in 2010, up 2,130,000 tons or 2.4% from a year ago, topping 90 million tons for the first time, according to a survey by the Japan Ferrous Raw Materials Association. The survey is based on data made available by the China Association of Metal Scrap Utilization.

The following are the findings of the survey.

<>China's overall supply volume of ferrous scrap totaled 89,890,000 tons in 2009, of which the domestic supply volume accounted for 76,200,000 tons, up 6,100,000 tons or 7.9% from a year ago. In the breakdown of the domestic supply volume, home arising ferrous scrap was estimated to have made up the first 30,400,000 tons, and locally available ferrous scrap the remaining 45,800,000 tons. Meanwhile, China's ferrous scrap imports totaled 13,690,000 tons in 2009, up by a factor of 3.8 from a year ago. All things considered, the nation's ferrous scrap consumption was estimated to have totaled 89,890,000 tons in 2009.

<>China's overall supply volume of ferrous scrap totaled 54 million tons in 2004, 63.3 million tons in 2005, 67.2 million tons in 2006, 68.5 million tons in 2007, and 75.71 million tons in 2008.

<>China's ferrous scrap consumption is estimated to total 92.02 million tons in 2010, assuming that the nation's crude steel production would total 630.3 million tons then, taking 146 kg of ferrous scrap per ton of production as in the case of 2009.

<>China's ferrous scrap imports totaled 2,730,000 tons in January-May 2010, down 56.7% from the same period of 2009, translating into an annualized level of 6,560,000 tons. As a result, there is a possibility that the nation's domestic supply volume of ferrous scrap will expand into a level of 85 million tons in total this year if its annual ferrous scrap imports stand at a level of 7 million tons. Besides, the nation's consumption volume of locally available ferrous scrap could total 51.1 million tons in 2010 if the supply ratio of local ferrous scrap and home arising ferrous scrap changes little from a year ago.

Meanwhile, China's crude steel production totaled 323.18 million tons in January-June 2010, up 21.1% from the same period of 2009, according to the World Steel Association. In this connection, China's announced data indicate a gradual increase in ferrous scrap consumed per ton of its crude steel production that stood at 140 kg in 2007, 144 kg in 2008, and 146 kg in 2009.
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