POSCO increases proportion of scrap input to 30%
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Update time : 2021-07-26 20:14:07
South Korea’s POSCO announced its development plan of decarbonization technology at the second-quarter briefing meeting. In the plan, POSCO's proportion of scrap input will be raised from 15% to 20%, and the proportion will increase to 30% after 2025.
Meanwhile, POSCO is also considering introducing steelmaking facilities and electric furnaces so as to raise scrap consumption. Therefore, the demand for high-grade scrap was expected to grow steadily.
