International Steel Scrap Conference 2024, Tokyo
Hilton Odiaba Tokyo, Japan
In 2023, according to data from the Bureau of International Recycling (BIR), global ferrous scrap consumption in key countries (China, EU-27, USA, Japan, Turkey, India, South Korea) was 1% lower compared to 2022, reaching 461 million tons. This slight decline occurred despite increased crude steel production via the BF-BOF route. Additionally, global seaborne scrap trade fell by 5% to 56 million tons, reflecting challenges in the steel market amid economic uncertainties.