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Scrap metal use destined to disappoint: Woodmac

Demand for scrap metal will grow faster than for primary metal over the next two decades, but a lack of laws around recycling and a shortage of processing capacity will see secondary metal under-deliver relative to its potential, consultancy Wood Mackenzie said Thursday.

The growth in demand for scrap metal is set to outstrip primary metals

The growth in demand for scrap metal is set to outstrip primary metals

Woodmac predicts another 80Mt of iron ore units will be required by 2040 to cope with projected steel demand despite the addition of 200 Mt per annum of steel scrap.   However, the consultancy said...

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