Bureau of Mines / Minerals yearbook: Metals, minerals, and fuels 1972
Year 1972, Volume 1 (1972)
Polta, Harold J.
Iron and steel scrap, pp. 667-681 ff. PDF (1.4 MB)
93,371 89,140 7,177 233,395 312 14,741 667Iron and Steel Scrap By Harold J. Polta' Although domestic consumption of iron and steel scrap in the first half of the year was below that in 1971, the continued high consumption rate thereafter brought total consumption in 1972 within 1 million tons of the record high established in 1969. Exports followed a similar pattern, with monthly exports generally below those in 1971 early in the year, but with increases the latter half sufficient to make 1972 exports more than a million tons above those in 1971. The increased demand for scrap reflected the increase in steel production as the steel industry recovered from the effects of inventory building (in anticipation of a strike in the steel industry in 1971) and improved worldwide business conditions. With increased demand, scrap prices reversed their downward trend of the past several years and moved generally upward. interest in iron and steel scrap continued high. Spurred by environmental organizations, an increasing number of States passed legislation designed to increase recycling of junked vehicles, and a bill to encourage use of scrap was introduced in the U.S. Congress. Steel companies, can manufacturers, and scrap processors cooperated with other interested groups to operate recycling centers for the collection and disposal of tin cans. Auto manufacturers were helping communities collect and dispose of junked vehicles. A growing number of communities were reclaiming scrap from municipal refuse, and more were planning construction of facilities for this purpose.~ Technical foundations, consulting groups, and universities had numerous studies underway on all phases of the iron and steel scrap problems. And because it considered an international scrap shortage a real possibility within only a year or two, the International Institute of Iron and Steel established a group of experts from around the world to assess the relationship of supply and demand of scrap on the international market during the 1973—1980 period. The Bureau of Mines agreed with the stand of the Institute of Scrap Iron and Steel that increased recycling of scrap would come only with increased demand. However, it considered technology the only ultimate answer and therefore continued researching ways to improve scrap quality and increase uses for low-quality scrap. I Physical scientist, Division of Ferrous Metals— Mineral Supply. Table 1.—Salient iron and steel scrap, and pig iron statistics in the United States (Thousand short tons and thousand dollars) 1971 1972 Stocks Dec. 31: Scrap at consumer plants 8,494 8,169 Pig.ironatconsumerandsupplierplants 1,779 1,660 Total 10,273 9,829 Consumption: Scrap ' 82,567 Pigiron 81,215 Exports: Scrap (excludes rerolling material) 6,082 Value 206,420 Imports for consumption: Scrap (includes tinplate and terneplate scrap) 283 Value 11,259 ' Revised.
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