This morning in metals, the U.S. Census Bureau reported figures for August steel imports, Japanese aluminum consumers are looking to scrap and universities in the U.K. are conducting testing in the hopes of producing “greener” steel.
U.S. Imports 2.7M Metric Tons of Steel in August
The U.S. Census Bureau reported Wednesday the U.S. imported 2.7 million metric tons of steel in August. The imports came in at a value of $2.5 billion.
The August total compares with the $2.6 billion valuation of July steel imports.
According to an S&P Global Platts report, scrap metal has become more appealing for Japanese consumers of aluminum.
According to the report, declining scrap prices have widened the scrap-primary spread and have pushed consumers toward the former.
Cheap and green steel … what’s not to like?
According to the BBC, universities in the U.K. are conducting testing to produce steel more cheaply and in a greener fashion.
The BBC reports Swansea and Warwick universities, along with Tata Steel, have secured £7 million in funding to conduct new tests on limited quantities of new steel types.