icon

scrap metal consumption - Latest news GMK Center

Photo – Global scrap consumption decreased by 5% in 2023
Global scrap consumption decreased by 5% in 2023

The use of this raw material in steel production fell slightly last year

Photo – Global scrap market in 2023: current trends
Global scrap market in 2023: current trends

More and more countries recognize scrap as a strategic raw material and limit exports

Photo – Global scrap demand will reach 778 million tons in 2030 – forecast
Global scrap demand will reach 778 million tons in 2030 – forecast

Global consumption of scrap will grow, as will the demand for quality raw materials

Photo – European investment in the EAF continues to grow
European investment in the EAF continues to grow

Demand for scrap is expected to increase under such conditions

Photo – Bernd Meyer: «No shortage of steel scrap in Germany is expected in the foreseeable time»
Bernd Meyer: «No shortage of steel scrap in Germany is expected in the foreseeable time»

The BDSV Public Relations and Public Affairs Officer – about the consumption and supply of scrap for the German steel industry

Photo – World scrap metal consumption in January-June 2022 fell by 8.4% y/y
World scrap metal consumption in January-June 2022 fell by 8.4% y/y

The negative trend in demand for scrap is supported by the decline in global steel production

1 2