Iron ore cost-effective for mills as price diverges .
The fast-rising scrap market has outpaced iron ore prices, making iron ore the most cost-effective raw material for mills. Based on the analysis, domestic scrap is statistically $31/mt overvalued, when compared with iron ore (using historical pricing data from May 2013 to February 2018). Iron ore prices have diverged from scrap, suggesting scrap may currently be overvalued. The interplay of ...
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