According to statistics, South Korea imported about 311,000 tons of scrap steel in July, a decrease of 12% from the previous month and a decrease of 44% from the same period last year, which is next to the lowest level since August 2005.

A 250-foot pedestrian bridge that will connect America the Beautiful Park with downtown Colorado Springs was hoisted into the air, driven across the railroad using self-propelled modular transporters and placed onto its abutments earlier this week.

The disparity between the crude steel and pig iron growth rates in September was due mainly to soaring iron ore prices forcing mills to consume more scrap instead of hot metal in the steelmaking process, some market sources said.

China is likely to allow the resumption of ferrous scrap imports from early 2021, or at least no later than June, market sources close to the issue said Oct. 27.