Ground Granulated Blast Furnace Slag (GGBFS) Prices: Trends and Insights
Ground Granulated Blast Furnace Slag (GGBFS) is a byproduct of iron production in blast furnaces and is widely used in the construction industry as a supplementary cementitious material. Its ability to improve concrete durability and reduce the carbon footprint of construction makes it a popular choice for sustainable building projects. Understanding the factors that influence GGBFS prices is crucial for businesses and professionals in the construction and materials industry. Factors Influencing GGBFS Prices Raw Material Availability: GGBFS is derived from the slag generated during iron production. The availability of this raw material depends on the operational levels of steel and iron manufacturing facilities. Any fluctuations in steel production directly impact the supply of GGBFS, thereby influencing its prices. Energy and Processing Costs: The production of GGBFS involves granulating the molten slag and then drying and grinding it into a fine powder. These...