IDEAS home Printed from https://ideas.repec.org/a/iem/journl/v3y2011i4id2822000008752047.html
   My bibliography  Save this article

Primary Raw Materials for Steelmakers: Scrap and Pig Iron

Author

Listed:
  • Cristina Bumbac

Abstract

Most of the daily steel we so much need is obtained now in electric furnaces, for which the main raw material is scrap. The scrap market is a very sensitive one, depending very much on internal collect, exports and imports, the market of steel and freight. Commerce with scrap is one of the most intense among all the countries of the world and covers all the routes and regions. Every ten years or so importers become exporters and vice versa, due to the period of life of the metallic products. For example, China was for the last 10 years one of the biggest importers (after Turkey, which is number one in importers' hierarchy), but prognoses tell that in 2-3 years China might become self-sufficient due to the investments which began some 20 years ago. USA was one of the largest exporters, but some 3 years ago some analysts advanced the idea that it may become a net importer (it didn't happened, though). The scrap market is not only important, it is also very interesting, with twisted evolutions and volatile prices in some periods.

Suggested Citation

  • Cristina Bumbac, 2011. "Primary Raw Materials for Steelmakers: Scrap and Pig Iron," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 3(4), December.
    • Handle: RePEc:iem:journl:v:3:y:2011:i:4:id:2822000008752047
    as

    Download full text from publisher

    File URL: http://www.iem.ro/rem/index.php/REM/article/view/46/32
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Primary Raw Materials for Steelmakers; Scrap and Pig Iron; scrap market;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iem:journl:v:3:y:2011:i:4:id:2822000008752047. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ionela Baltatescu (email available below). General contact details of provider: https://edirc.repec.org/data/imacaro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.