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Steel Scrap - Global Strategic Business Report

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    Report

  • 419 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1382319
The global market for Steel Scrap is estimated at 529.2 Million Metric Tons in 2023 and is projected to reach 738 Million Metric Tons by 2030, growing at a CAGR of 4.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Obsolete Steel Scrap segment, which is expected to reach 414.3 Million Metric Tons by 2030 with a CAGR of 5.2%. The Prompt Steel Scrap segment is also set to grow at 3% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at 50.5 Million Metric Tons in 2023, and China, forecasted to grow at an impressive 5.3% CAGR to reach 287.4 Million Metric Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Steel Scrap Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Steel Scrap Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Steel Scrap Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as ArcelorMittal S.A., Baosteel Group Corporation, Commercial Metals Company, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 73 Featured):

  • ArcelorMittal S.A.
  • Baosteel Group Corporation
  • Commercial Metals Company
  • EVRAZ North America
  • Gerdau S/A
  • Metalico, Inc.
  • Nucor Corporation
  • Oryx Stainless Group
  • Schnitzer Steel Industries, Inc.
  • Sims Metal Management Limited
  • Steel Dynamics, Inc.

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Outlook
  • Competitive Scenario
  • Steel Scrap - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Steel Scrap Market Poised to Prosper in the Long-Term
  • Benefits of Scrap Steel Vs. Iron Ore in Steel Production (in %)
  • Steel Recovery Rates of Various Industries
  • Steel Scrap Industry Likely to Benefit from Decarbonization Trends
  • How Steel Scrap Can Contribute in Decarbonizing Steel Industry
  • Critical Importance of Steel in Every Aspect of Human Life to Sustain Momentum in the Steel Scrap Market in the Post COVID-19 Period
  • A Snapshot of Steel End-Use Sectors
  • Steel Production Prospers in 2017-2022 Period
  • World Crude Steel Production (2012-2022) in Million Tons
  • Exports Scenario Dominated by China
  • Leading Steel Exporting Countries (2022): Exports (in Million Metric Tons) for China, Japan, European Union (27), South Korea, Germany, Türkiye, Russia, Italy, Belgium, Brazil, India, France, Taiwan, Netherlands, and Indonesia
  • European Union Becomes the Top Steel Importer
  • Leading Steel Importing Countries (2022): Imports (in Million Metric Tons) for European Union (27), USA, Germany, Italy, Türkiye, China, South Korea, Thailand, Belgium, Poland, France, Vietnam, Indonesia, Mexico, and Netherlands
  • Analysis by Scrap Type
  • Steel Scrap Trade Scenario
  • Leading Volume Importers (Million Metric Tons) of Ferrous Scrap (2022)
  • Leading Volume Exporters (Million Metric Tons) of Ferrous Scrap (2022)
  • Steel Scrap: An Introduction
  • Grades of Steel Scrap
  • Ferrous and Non-Ferrous Scrap: The Differences
  • Ways to Distinguish Stainless Steel Scrap from Other Metal Scraps
  • Steel Scrap Sorting & Preparation Methods
  • Steel Scrap Recycling
  • Recent Market Activity
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Increased Global Steel Demand Fueling Demand for Ferrous Scrap
  • Advancements & Innovations in Scrap Extraction and Processing Drive Growth
  • Digitization Comes to the Fore to Reinforce Steel Scrap Ecosystem
  • Sophisticated Technologies Make Inroads
  • Recent Technological Advances in Scrap Metal Recycling
  • New Sorting Technologies & Mechanisms
  • High-Tech IT Solutions
  • Advanced Scrap Metal-to-Steel Conversion Processes
  • Artificial Intelligence
  • Researchers Develop Deep Learning-Based Model for Classifying and Rating Steel Scrap
  • Use of X-Rays
  • Bright Prospects for Stainless Steel Scrap Market
  • Revival in the Construction Sector to Renew Steel Demand, Triggering Parallel Momentum in Steel Scrap Market
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Revival of Automotive Industry in Post COVID-19 Period to Instigate Fresh Growth Opportunities
  • World Automobile Production in Million Units: 2008-2022
  • Relevance of Steel in Household Appliances & Metal Goods Domains to Underpin Steel Scrap Demand in Upcoming Years
  • High Volume Opportunities to Re-Emerge in Shipping Sector in Post COVID-19 Environment
  • Pivotal Role of Steel in Machinery Manufacturing Augurs Well for Future Growth
  • Steel Scrap Recycling to Grow in Prominence amid Rising Emphasis on Reducing CO2 Emissions
  • Processes and Benefits of Steel Recycling
  • Steel Industry: Current & Future Prospects to Influence Steel Scrap Market
  • Green Trend Catches Up Steel Industry
  • Evolving Role of Electric Arc Furnace in Steel Making to Drive Scrap Demand
  • Global Production of Crude Steel (2022): Percentage Breakdown by Method of Production by Select Region
  • Steel Production by Manufacturing Process in Select Countries (2022)
  • A Note on Steel Scrap Pricing Trends
  • Key Challenges Confronting the Steel Scrap Market
  • Growing Prominence of Alternative Metals in Steel Recycling
  • Export Restrictions on Steel Scrap
  • Declining Use of Steel in Automobiles
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Steel Scrap Market Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Steel Scrap by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Steel Scrap by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Steel Scrap by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Obsolete by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Obsolete by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Obsolete by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Prompt by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Prompt by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Prompt by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Home by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Home by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Home by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Construction by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Shipping by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Shipping by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Shipping by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Consumer Appliances by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Consumer Appliances by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Consumer Appliances by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Steel Scrap Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Market Overview
  • US Apparent Steel* Consumption in Million Metric Tons (2013-2022)
  • US Crude Steel Market (2022E): Percentage Breakdown of Volume Production by Type of Process - Electric Furnace and Oxygen Blown Converter
  • Steel and Scrap Momentum to Continue in Future
  • US Ferrous Scrap Market Outlook
  • Factors Impacting Steel Scrap Prices
  • US Steel Scrap Price Trends 2012-2021E
  • Scrap Export Scenario
  • US Iron & Steel Scrap Exports 2010-2020 (In Million Tons)
CANADA
  • Steel Scrap Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2023 (E)
JAPAN
  • Steel Scrap Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Steel Scrap Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • China Redirects Focus on Restructuring its Steel Industry
  • Steel Scrap Market
  • Scrap Recycling: Industry Structure
  • China’s Move to Alienate from Global Scrap Market Leaves Local Steel Manufacturers with Thin Margins
  • Potential Impact of China’s Scrap Import Policy Changes on Market Dynamics
  • The Steel Scrap Futures of China
EUROPE
  • Steel Scrap Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
  • Europe Crude Steel Production by Select Country (2022E): Percentage Share Breakdown of Steel Production by Process
  • European Safety Regulations for Handling of Steel Scrap
FRANCE
GERMANY
  • Market Overview
ITALYUNITED KINGDOMSPAINRUSSIATURKEYREST OF EUROPE
ASIA-PACIFIC
  • Steel Scrap Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
INDIA
  • Market Overview
SOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICABRAZILREST OF LATIN AMERICAREST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ArcelorMittal S.A.
  • Baosteel Group Corporation
  • Commercial Metals Company
  • EVRAZ North America
  • Gerdau S/A
  • Metalico, Inc.
  • Nucor Corporation
  • Oryx Stainless Group
  • Schnitzer Steel Industries, Inc.
  • Sims Metal Management Limited
  • Steel Dynamics, Inc.