Global Metals & Mining: Implied scrap use in steel in China up 9%y/y in June’26 (-7%y/y in 1H’26, -15.6%y/y in FY’25), tailwind for iron ore

Research evidence excerpt

Global Metals & Mining: Implied scrap use in steel in China up 9%y/y in June’26 (-7%y/y in 1H’26, -15.6%y/y in FY’25), tailwind for iron ore

Global Metals & Mining

03 August 2026 Citi Research

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