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Scholz eyes scrap expansion in China and India

Germany – Oliver Scholz, Chairman of the German scrap and speciality long products producer Scholz, reports ‘good demand at the start of 2012, and on the whole a good market environment’. Meanwhile, Scholz claims that its scrap output in 2011 exceeded the levels of the previous year when the group handled 10.5 million tonnes and achieved sales of roughly Euro 4.5 billion.

Scholz is looking at possible expansion in China and India, it is also confirmed. ‘China’s recycling market promises great potential, and Scholz has intensified its operations there in recent years,’ a spokesperson has told Steel Business Briefing. Currently, the group’s interests in China centre on scrap collection; however, once the country’s environmental standards improve and depending on the global economic situation, Scholz may invest in processing yards, he added.

In Austria, Scholz’s new scrap yard in the Danube port of Linz is on target for start-up later this year. It will process a projected 120 000 tonnes per annum in co-operation with Austrian steelmaker Voestalpine.

 

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