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Steel Scrap - Global Strategic Business Report

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    Report

  • 439 Pages
  • October 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1382319
The global market for Steel Scrap was estimated at 528.6 Million Metric Tons in 2023, and is projected to reach 727.1 Million Metric Tons by 2030, growing at a CAGR of 4.7% 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 Scrap segment, which is expected to reach 407.2 Million Metric Tons by 2030 with a CAGR of a 5.7%. The Prompt Scrap segment is also set to grow at 3.3% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at 50.3 Million Metric Tons in 2023, and China, forecasted to grow at an impressive 5.8% CAGR to reach 282.6 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 81 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.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Outlook
  • Economic Frontiers: Trends, Trials & Transformations
  • In a World Torn by Geopolitical Instability & War, Steadfastness of Global GDP Becomes Increasingly UnpredicTable Given the Many Direct and Indirect Economic Repercussions: World Economic Growth Projections (Real Gross Domestic Product (GDP), Annual % Change) for the Years 2022 Through 2025
  • All Eyes on Global Inflation, the Main Risk Factor in Global Markets: Global Headline Inflation Rates (In %) for the Years 2019 through 2025
  • With Oil Prices Influencing the Rate of inflation, it Remains the Most Watched Commodity in Global Markets: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2019 through 2025
  • Steel Scrap Industry: Navigating the Challenges of Supply Chain Disruptions
  • Competitive Scenario
  • Steel Scrap - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Steel Scrap: Powering the Future of Sustainable Steelmaking
  • Benefits of Scrap Steel Vs. Iron Ore in Steel Production (in %)
  • Steel Recovery Rates of Various Industries
  • Scrap Metal Recycling Dashing Closer to Resource Management & Circular Economy with Emerging Technologies
  • Decarbonizing Steel: How the Scrap Industry is Driving Change
  • Future Prospects and the Role of Steel Scrap
  • 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 2017-2023 Period
  • World Crude Steel Production (2012-2023) in Million Tons
  • Exports Scenario Dominated by China
  • Leading Steel Exporting Countries (2023): Exports (in Million Metric Tons) for China, Japan, South Korea, European Union (27), Germany, Italy, Belgium, Russia, Türkiye, Brazil, Iran, Netherlands, India, France and Indonesia
  • European Union: The Top Steel Importer
  • Leading Steel Importing Countries (2023): Imports (in Million Metric Tons) for European Union (27), USA, Germany, Italy, Türkiye, Mexico, South Korea, Vietnam, Thailand, Indonesia, France, Belgium, Poland, China, and Spain
  • Analysis by Scrap Type
  • Carbon Steel Scrap: Looming Demand-Supply Crunch to Impact Steel Industry & Lead to New Dynamics
  • Steel Scrap Trade Scenario
  • Leading Volume Importers (Million Metric Tons) of Ferrous Scrap (2023)
  • Leading Volume Exporters (Million Metric Tons) of Ferrous Scrap (2023)
  • 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
  • Insights into Steel Scrap Recycling Process: Facilitating a Closed-Loop Cycle
  • Recent Market Activity
  • Select Global Brands
  • Influencer/Product/Technology Insights
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Increased Global Steel Demand Fueling Demand for Ferrous Scrap
  • Emerging Technologies Figuring Prominently in Scrap Metal Recycling Space
  • The Buzz around Recycling & Innovation Gets Louder in Scrap Metal Industry
  • Advancements & Innovations in Scrap Extraction and Processing Drive Growth
  • Select Innovations
  • 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 Future for Stainless Steel Scrap Market Amid Global Economic Recovery
  • Construction Sector Revival to Boost Steel Demand and Ignite Steel Scrap Market Momentum
  • Global Construction Spending (in US$ Trillion) for the Years 2020-2028
  • Ferrous Steel Scrap Metal at Vanguard of Construction Innovation to Optimize Resources & Push Sustainability
  • Revitalizing Steel and Steel Scrap Demand: Automotive Industry's Post-Pandemic Surge
  • Global Automobile Production (in Million Units): 2015-2023
  • 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
  • Electrifying Steel: The Rise of Electric Arc Furnaces and the Surge in Scrap Demand
  • Global Production of Crude Steel (2023): Percentage Breakdown by Method of Production by Select Region
  • Steel Production by Manufacturing Process in Select Countries (2023)
  • 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 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 6: World Historic Review for Obsolete 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 7: World 16-Year Perspective for Obsolete Scrap 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 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 9: World Historic Review for Prompt 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 10: World 16-Year Perspective for Prompt Scrap 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 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 12: World Historic Review for Home 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 13: World 16-Year Perspective for Home Scrap 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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)
  • The Pulse of United States’ Steel Scrap Market: A Comprehensive Insight
  • US Apparent Steel* Consumption in Million Metric Tons (2013-2023)
  • US Crude Steel Market (2023E): Percentage Breakdown of Volume Production by Type of Process - Electric Furnace and Oxygen Blown Converter
  • US Steel Scrap Market: Riding the Wave of Resilience and Transformation
  • The Future of the US Ferrous Scrap Market
  • Factors Impacting Steel Scrap Prices
  • US Steel Scrap Price Trends 2012-2024E
  • Scrap Export Scenario
  • US Iron & Steel Scrap Exports 2012-2023E (In Million Tons)
CANADA
  • Steel Scrap Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2024 (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’s Steel Industry Makeover: From Overcapacity to Sustainability
  • China’s Scrap Recycling Revolution: Transforming the Steel Industry
EUROPE
  • Steel Scrap Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Forging Ahead: The Evolution and Future of Europe's Steel and Steel Scrap Industry
  • Europe Crude Steel Production by Select Country (2023E): Percentage Share Breakdown of Steel Production by Process
FRANCE
GERMANY
  • German Steel Scrap Market: A Dynamic Landscape
ITALYUNITED KINGDOMSPAINRUSSIATURKEYREST OF EUROPE
ASIA-PACIFIC
  • Steel Scrap Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
INDIA
  • Revving Up: India's Steel Scrap Market Poised for Growth
SOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICABRAZILREST OF LATIN AMERICA
REST OF WORLD
  • Steel Scrap Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Rest of World for 2024 (E)
IV. 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.

Table Information