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Global Steel Scrap Market 2023-2027

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    Report

  • 120 Pages
  • November 2022
  • Region: Global
  • TechNavio
  • ID: 5692425
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The steel scrap market is poised to grow by 62.78 MT during 2023-2027, accelerating at a CAGR of 1.62% during the forecast period. The market is driven by the increasing application of steel scrap, the high demand for steel in industrial applications, and the growing demand from the construction industry.

This report on the steel scrap market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The steel scrap market is segmented as below:

By End-user

  • Construction
  • Automotive
  • Consumer goods
  • Industrial goods

By Source

  • Obsolete steel scrap
  • Prompt steel scrap
  • Home steel scrap

By Geography

  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the increase in M&A activities as one of the prime reasons driving the steel scrap market growth during the next few years. Also, the growing prevalence of steel recycling plants and supportive measures for the use of steel scrap will lead to sizable demand in the market.

This report on the steel scrap market covers the following areas:

  • Steel scrap market sizing
  • Steel scrap market forecast
  • Steel scrap market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading steel scrap market vendors that include Ansteel Group Corp. Ltd., ArcelorMittal SA, Baosteel Group Corp., Benxi Steel Group Co. Ltd., China Baowu Steel Group Corp., Commercial Metals Co., EVRAZ Plc, Gerdau SA, JSW STEEL Ltd., Metalico Inc., Metinvest B.V, Nippon Steel Corp., Nucor Corp., Oryx Stainless AG, Schnitzer Steel Industries Inc., Sims Ltd., Steel and Scrap Pvt. Ltd., Steel Dynamics Inc., Tata Steel Ltd., and United States Steel Corp. Also, the steel scrap market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Source
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (million t)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (million t)
Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global steel scrap market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global steel scrap market 2017 - 2021 (million t)
4.2 Geography Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Geography Segment 2017 - 2021 (million t)
4.3 Source Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Source Segment 2017 - 2021 (million t)
4.4 End-user Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - End-user Segment 2017 - 2021 (million t)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 (million t)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by End-user
6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Construction - Market size and forecast 2022-2027
Exhibit 34: Chart on Construction - Market size and forecast 2022-2027 (million t)
Exhibit 35: Data Table on Construction - Market size and forecast 2022-2027 (million t)
Exhibit 36: Chart on Construction - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Construction - Year-over-year growth 2022-2027 (%)
6.4 Automotive - Market size and forecast 2022-2027
Exhibit 38: Chart on Automotive - Market size and forecast 2022-2027 (million t)
Exhibit 39: Data Table on Automotive - Market size and forecast 2022-2027 (million t)
Exhibit 40: Chart on Automotive - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
6.5 Consumer goods - Market size and forecast 2022-2027
Exhibit 42: Chart on Consumer goods - Market size and forecast 2022-2027 (million t)
Exhibit 43: Data Table on Consumer goods - Market size and forecast 2022-2027 (million t)
Exhibit 44: Chart on Consumer goods - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Consumer goods - Year-over-year growth 2022-2027 (%)
6.6 Industrial goods - Market size and forecast 2022-2027
Exhibit 46: Chart on Industrial goods - Market size and forecast 2022-2027 (million t)
Exhibit 47: Data Table on Industrial goods - Market size and forecast 2022-2027 (million t)
Exhibit 48: Chart on Industrial goods - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Industrial goods - Year-over-year growth 2022-2027 (%)
6.7 Market opportunity by End-user
Exhibit 50: Market opportunity by End-user (million t)
7 Market Segmentation by Source
7.1 Market segments
Exhibit 51: Chart on Source - Market share 2022-2027 (%)
Exhibit 52: Data Table on Source - Market share 2022-2027 (%)
7.2 Comparison by Source
Exhibit 53: Chart on Comparison by Source
Exhibit 54: Data Table on Comparison by Source
7.3 Obsolete steel scrap - Market size and forecast 2022-2027
Exhibit 55: Chart on Obsolete steel scrap - Market size and forecast 2022-2027 (million t)
Exhibit 56: Data Table on Obsolete steel scrap - Market size and forecast 2022-2027 (million t)
Exhibit 57: Chart on Obsolete steel scrap - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Obsolete steel scrap - Year-over-year growth 2022-2027 (%)
7.4 Prompt steel scrap - Market size and forecast 2022-2027
Exhibit 59: Chart on Prompt steel scrap - Market size and forecast 2022-2027 (million t)
Exhibit 60: Data Table on Prompt steel scrap - Market size and forecast 2022-2027 (million t)
Exhibit 61: Chart on Prompt steel scrap - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Prompt steel scrap - Year-over-year growth 2022-2027 (%)
7.5 Home steel scrap - Market size and forecast 2022-2027
Exhibit 63: Chart on Home steel scrap - Market size and forecast 2022-2027 (million t)
Exhibit 64: Data Table on Home steel scrap - Market size and forecast 2022-2027 (million t)
Exhibit 65: Chart on Home steel scrap - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Home steel scrap - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Source
Exhibit 67: Market opportunity by Source (million t)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 69: Chart on Market share by geography 2022-2027 (%)
Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 71: Chart on Geographic comparison
Exhibit 72: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 (million t)
Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 (million t)
Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 (million t)
Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 (million t)
Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 North America - Market size and forecast 2022-2027
Exhibit 81: Chart on North America - Market size and forecast 2022-2027 (million t)
Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 (million t)
Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 85: Chart on South America - Market size and forecast 2022-2027 (million t)
Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 (million t)
Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 (million t)
Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (million t)
Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
Exhibit 93: Chart on China - Market size and forecast 2022-2027 (million t)
Exhibit 94: Data Table on China - Market size and forecast 2022-2027 (million t)
Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 US - Market size and forecast 2022-2027
Exhibit 97: Chart on US - Market size and forecast 2022-2027 (million t)
Exhibit 98: Data Table on US - Market size and forecast 2022-2027 (million t)
Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
9.10 India - Market size and forecast 2022-2027
Exhibit 101: Chart on India - Market size and forecast 2022-2027 (million t)
Exhibit 102: Data Table on India - Market size and forecast 2022-2027 (million t)
Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)
9.11 Japan - Market size and forecast 2022-2027
Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 (million t)
Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 (million t)
Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.12 Russia - Market size and forecast 2022-2027
Exhibit 109: Chart on Russia - Market size and forecast 2022-2027 (million t)
Exhibit 110: Data Table on Russia - Market size and forecast 2022-2027 (million t)
Exhibit 111: Chart on Russia - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on Russia - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 113: Market opportunity by geography (million t)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 114: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 116: Overview on factors of disruption
11.4 Industry risks
Exhibit 117: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 118: Vendors covered
12.2 Market positioning of vendors
Exhibit 119: Matrix on vendor position and classification
12.3 Ansteel Group Corp. Ltd.
Exhibit 120: Ansteel Group Corp. Ltd. - Overview
Exhibit 121: Ansteel Group Corp. Ltd. - Product / Service
Exhibit 122: Ansteel Group Corp. Ltd. - Key offerings
12.4 ArcelorMittal SA
Exhibit 123: ArcelorMittal SA - Overview
Exhibit 124: ArcelorMittal SA - Business segments
Exhibit 125: ArcelorMittal SA - Key offerings
Exhibit 126: ArcelorMittal SA - Segment focus
12.5 Baosteel Group Corp.
Exhibit 127: Baosteel Group Corp. - Overview
Exhibit 128: Baosteel Group Corp. - Product / Service
Exhibit 129: Baosteel Group Corp. - Key offerings
12.6 China Baowu Steel Group Corp.
Exhibit 130: China Baowu Steel Group Corp. - Overview
Exhibit 131: China Baowu Steel Group Corp. - Product / Service
Exhibit 132: China Baowu Steel Group Corp. - Key offerings
12.7 Commercial Metals Co.
Exhibit 133: Commercial Metals Co. - Overview
Exhibit 134: Commercial Metals Co. - Business segments
Exhibit 135: Commercial Metals Co. - Key offerings
Exhibit 136: Commercial Metals Co. - Segment focus
12.8 EVRAZ Plc
Exhibit 137: EVRAZ Plc - Overview
Exhibit 138: EVRAZ Plc - Business segments
Exhibit 139: EVRAZ Plc - Key offerings
Exhibit 140: EVRAZ Plc - Segment focus
12.9 Gerdau SA
Exhibit 141: Gerdau SA - Overview
Exhibit 142: Gerdau SA - Business segments
Exhibit 143: Gerdau SA - Key offerings
Exhibit 144: Gerdau SA - Segment focus
12.10 Metalico Inc.
Exhibit 145: Metalico Inc. - Overview
Exhibit 146: Metalico Inc. - Product / Service
Exhibit 147: Metalico Inc. - Key offerings
12.11 Nucor Corp.
Exhibit 148: Nucor Corp. - Overview
Exhibit 149: Nucor Corp. - Business segments
Exhibit 150: Nucor Corp. - Key news
Exhibit 151: Nucor Corp. - Key offerings
Exhibit 152: Nucor Corp. - Segment focus
12.12 Oryx Stainless AG
Exhibit 153: Oryx Stainless AG - Overview
Exhibit 154: Oryx Stainless AG - Product / Service
Exhibit 155: Oryx Stainless AG - Key offerings
12.13 Schnitzer Steel Industries Inc.
Exhibit 156: Schnitzer Steel Industries Inc. - Overview
Exhibit 157: Schnitzer Steel Industries Inc. - Business segments
Exhibit 158: Schnitzer Steel Industries Inc. - Key offerings
Exhibit 159: Schnitzer Steel Industries Inc. - Segment focus
12.14 Sims Ltd.
Exhibit 160: Sims Ltd. - Overview
Exhibit 161: Sims Ltd. - Business segments
Exhibit 162: Sims Ltd. - Key offerings
Exhibit 163: Sims Ltd. - Segment focus
12.15 Steel Dynamics Inc.
Exhibit 164: Steel Dynamics Inc. - Overview
Exhibit 165: Steel Dynamics Inc. - Business segments
Exhibit 166: Steel Dynamics Inc. - Key offerings
Exhibit 167: Steel Dynamics Inc. - Segment focus
12.16 Tata Steel Ltd.
Exhibit 168: Tata Steel Ltd. - Overview
Exhibit 169: Tata Steel Ltd. - Business segments
Exhibit 170: Tata Steel Ltd. - Key news
Exhibit 171: Tata Steel Ltd. - Key offerings
Exhibit 172: Tata Steel Ltd. - Segment focus
12.17 United States Steel Corp.
Exhibit 173: United States Steel Corp. - Overview
Exhibit 174: United States Steel Corp. - Business segments
Exhibit 175: United States Steel Corp. - Key news
Exhibit 176: United States Steel Corp. - Key offerings
Exhibit 177: United States Steel Corp. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 178: Inclusions checklist
Exhibit 179: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 180: Currency conversion rates for US$
13.4 Research methodology
Exhibit 181: Research methodology
Exhibit 182: Validation techniques employed for market sizing
Exhibit 183: Information sources
13.5 List of abbreviations
Exhibit 184: List of abbreviations

Executive Summary

The analyst recognizes the following companies as the key players in the global steel scrap market: Ansteel Group Corp. Ltd., ArcelorMittal SA, Baosteel Group Corp., Benxi Steel Group Co. Ltd., China Baowu Steel Group Corp., Commercial Metals Co., EVRAZ Plc, Gerdau SA, JSW STEEL Ltd., Metalico Inc., Metinvest B.V, Nippon Steel Corp., Nucor Corp., Oryx Stainless AG, Schnitzer Steel Industries Inc., Sims Ltd., Steel and Scrap Pvt. Ltd., Steel Dynamics Inc., Tata Steel Ltd., and United States Steel Corp.

Commenting on the report, one of the report's analysts said: 'The latest trend gaining momentum in the market is increase in M&A activities.'

According to the report, one of the major drivers for this market is the increasing application of steel scrap.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Ansteel Group Corp. Ltd.
  • ArcelorMittal SA
  • Baosteel Group Corp.
  • Benxi Steel Group Co. Ltd.
  • China Baowu Steel Group Corp.
  • Commercial Metals Co.
  • EVRAZ Plc
  • Gerdau SA
  • JSW STEEL Ltd.
  • Metalico Inc.
  • Metinvest B.V
  • Nippon Steel Corp.
  • Nucor Corp.
  • Oryx Stainless AG
  • Schnitzer Steel Industries Inc.
  • Sims Ltd.
  • Steel and Scrap Pvt. Ltd.
  • Steel Dynamics Inc.
  • Tata Steel Ltd.
  • United States Steel Corp.