scrap metal consumption - Latest news GMK Center

If this trend continues, UZ has a good chance of achieving a historic milestone — meeting its annual scrap sales target

The largest consumer, China, reduced its use of scrap by 13.3% y/y

Metinvest-Resource is interested in a program for the independent cutting up of obsolete freight railcars

China, the EU, and the US reduced their consumption, while India and Turkey increased demand

The decline was recorded in China, the USA, the EU, Japan, South Korea and Turkey, while India saw an increase

Scrap usage growth was recorded in Turkey, the EU and India in 2024

The main export destination has become the European Union, which itself is a major supplier of scrap

At the same time, most Asian countries increased their consumption of this raw material

The indicator increased only in the USA and India. In China, scrap consumption decreased by 0.8% y/y

Trade in raw materials will decrease as domestic consumption increases and exports decrease

The low level of its use, in particular, is determined by electricity prices

In the conditions of post-war economic recovery, the role of scrap for the steel industry will inevitably increase