2011 steel scrap statistics according to the latest Ferrous Metals World Mirror

In 2011, Turkey, South Korea and China increased substantially their scrap imports by an average of 11% while the USA, the world’s top scrap exporter, increased its shipments abroad by 18.6% during the same period. These statistics were according to the latest Ferrous Metals World Mirror by the BIR.

In terms of steel scrap consumption, both the EU-27 and Turkey increased their steel scrap usage which outstripped their respective upturns in crude steel production. In contrast, scrap consumption in China climbed only 3.3% to 91 million tonnes whereas the country’s crude steel production jumped 9.1% to 683.9 million tonnes.

Find out more about industry trends in both ferrous and non-ferrous scrap metals at the World Scrap Metal Congress 2012 held in Shanghai, China on 20 and 21 September. Get all the updated news, access emerging supplier markets and explore new trading opportunities with global and Asian partners at the conference!