Currently, about 17% of the world’s annual scrap supply—about 110 million metric tons—is traded globally. (See Exhibit 2.) For instance, Turkey is reliant on the EU, the US, the UK, and Russia for its 25 million metric tons of primarily...

The global supply of carbon steel scrap is lagging demand growth. The shortage could significantly impact steel supplies and trade, ultimately affecting economic growth in both developed and developing nations. Private and public sector stakeholders should begin preparing for the...

“Steel decarbonisation is likely to be faster in regions where competitively priced clean power and scrap steel are readily available.” The industry targets a 45% reduction in intensity for primary steel and a 65% reduction for secondary steel by 2030.219...

“Circular economy models should be promoted where steel producers can recycle and reuse their own steel scrap.”The ability of customers to absorb a green premium of 40-70% per tonne is untested beyond prototype projects as low-emission steel represents less than 1%...