Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Steel scrap usage rose 10% in 2018 - BIR

Steel News - Published on Thu, 23 May 2019

Image Source: SteelGuru
SP Global reported that Mr Rolf Willeke, ferrous division statistical adviser to International Recycling Bureau BIR said that “Steel scrap usage rose 10.1% to 469.3 million tonne last year in countries that represent 81% of global steel production, as nations including China strive to reduce carbon emissions. The increase in steel scrap usage was led by China, where usage jumped 27% last year to 187.8 million tonne, as the share of EAF steelmaking grew to represent 13% of the nation's total steel output of 928.3 million tonne, up from a 9.3% share in 2017. Overall, the proportion of steel scrap used in the country's steel production rose to 20.2% in 2018.”

In other regions, scrap usage in 2018 grew 0.3% in the EU, 2.2% in the US, 2.1% in Japan, and 5.5% in Russia, while in Turkey scrap usage fell 0.4% and in South Korea it fell 2.3%.

The main scrap importers last year were Turkey, where imports fell 1.5% from the previous year to 20 million tonne, supplied mainly by the US; South Korea, where imports grew 3.5% to 6.393 million tonne, mainly supplied by Japan; and India, where imports grew 18% to 6.33 million tonne, supplied mainly by the UAE.

The main scrap exporters last year were the EU, which exported 21.436 million tonne, up 6.7% from 2017; and the US, whose exports jumped 15.4% to 17.33 million tonne. The main buyer in both instances was Turkey. The third biggest ferrous scrap exporter last year was Japan, whose sales abroad fell 9.8% to 7.5 million tonne, the main customer being South Korea.

Source :

Posted By : Ratan Singh on Thu, 23 May 2019
Related News from Steel segment