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Bureau of Mines / Minerals yearbook: Metals and minerals 1978-79
Year 1978-79, Volume 1 (1978-1979)

Palmer, K.W.
Iron and steel scrap,   pp. 485-501 ff. PDF (1.2 MB)


Page 486

180 — 150 
In 
z 
0 
120 
STEEL 
PRODUCTION 
30 
486 MINERALS YEARBOOK, 1978-79 Figure 1.—Steel production (AISI),
total
iron and steel scrap consumption, pig ironconsumption, home scrap production
and net scrap receipts. 
AVAILABLE SUPPLY, CONSUMPTION, STOCKS 
 Available supply was 98 million tons and 99 million tons in 1978 and 1979,
respectively, up from 91 million tons in 1977. 
 Monthly consumption rose from a low of 
7.3 million tons in January 1978 to a high of 
8.9 million tons in May and slowly declined 
to 8.3 million tons in December. The level of 
consumption and production in 1979 
commenced at a higher level than that of 
1978 but dropped rapidly in November and 
December, making the yearly totals for 
1979 almost identical with those of 1978. Stocks remained about 8.5 million
tons in 
both years, a little less than those of 1977. 
PRICES 
 Composite prices for No. 1 heavy melting average of $63.00 in 1977 and below
the scrap averaged $76.20 in 1978 per long ton average of $97.00 in 1979.
as reported by Iron Age. This was above the 
TOTAL SCRAP 
CONSUMPTION 
 1960 ~ 66.5 
 1965 L 90.4 
 1970 1 85.6 
 1975 [~ 1 82.3 
 1979 Lii' 
J PIG IRON 
HOME SCRAP 
PRODUCED 
~ .**~\~ — — .5   
S   
 1960 1965 1970 1975 1980 


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