OVERVIEW
Scrap is in the spotlight now more than ever. A mainstay of Turkish and US mills for decades, today, with decarbonisation driving business decisions and recycling and the circular economy being prioritised, everybody wants a piece. And, as steelmakers electrify, scrap demand will only increase. But will this be the case for all grades?
Quality is likely to matter more than quantity. The spread between obsolete and premium grades is already far wider than it has traditionally been. With quality-conscious flat products set to be increasingly produced in EAFs, lower scrap grades will require more thorough processing to ensure they meet the required standards. The jury, nevertheless, remains open on whether the scrap market will see a supply deficit.
In any case, scrap resource nationalism is a hotly debated topic. In 2024, the EU implemented the Waste Shipments Regulation, which restricts scrap exports to non-OECD countries unless they can prove the material is being handled sustainably. But will the EU implement further measures, such as export quotas or even a ban?
India has emerged as the clear second-largest scrap importer after Turkey, with volumes growing each year while Turkey’s fluctuate. However, the Asian giant wants to develop domestic scrap processing infrastructure to feed its growing steelmaking capacity. Will this temper import requirement? China is meanwhile loosening scrap import restrictions. Will its scrap imports boom at some stage?
How will the global scrap pool change in the coming decades as economies like China mature? Is the trend of increased scrap use in blast furnaces likely to grow? How will the US and EU EAF buildout impact scrap availability? Will Turkish mills need to look for alternative feedstocks to scrap? How is freight market disruption impacting scrap trade? What is the outlook for scrap supply/demand and pricing in 2025? Kallanish Steel Scrap 2025 will bring together an array of global scrap market participants to answer these questions and much more.
𝐅𝐨𝐫 𝐚𝐧𝐲 𝐈𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬, 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬 𝐚𝐭: Yashika Agrawal | [email protected] | +91 9993903483
