SEATTLE (Scrap Monster): The Bureau of International Recycling (BIR) announced publication of the latest edition of its “World Steel Recycling in Figures” report covering the five-year period between 2017 and 2021. The 13th edition of the report highlights the global importance of ferrous scrap as a raw material for the world’s steelworks and for its iron and steel foundries.
The report indicates an increase in world crude steel output and a higher steel scrap usage in most countries and regions. The steel scrap consumption in seven key countries and regions totalled around 503 million tonnes in 2021, while the corresponding crude steel production was 1.555 billion tonnes.
As per BIR calculations, annual ferrous scrap use in the world’s iron and steel foundries has been between 67 and 73 million tonnes over recent years. Almost 67 million tonnes of scrap used in iron and steel foundries in 2020. The external steel scrap trading increased to 109.6 million tonnes during the previous year. Turkey, the EU-27 and the U.S. as the three largest steel scrap importers of the world.
The steel scrap consumption in China was 2.8% lower last year at 226.21 million tonnes. Conversely, the EU-27, the USA, Turkey, Japan, Russia and the Republic of Korea recorded increases in steel scrap consumption last year.