Will the US run out of steel scrap?
This report is currently unavailable
Report summary
Apart from the recent boom years, the rewards for converting iron, coal and scrap into commodity grade steel have been limited. Since 2009, when demand collapsed and mills outside of China became raw material price takers, profitability has come under pressure once again and steelmakers have been forced to reconsider their strategy for survival. This had awakened a somewhat forgotten debate on making steel via electric arc furnaces versus basic oxygen furnaces...
Table of contents
- Executive summary
- Demand
-
Supply
- Home scrap
- Prompt scrap
- Obsolete scrap
- Total scrap supply
- How scrap demand compares to supply
Tables and charts
This report includes 12 images and tables including:
- US Steel profitability is highly volatile
- Nucor achieves higher and more stable margins
- The EAF share of steelmaking will rise as more flexible electric furnaces replace the large-scale, capital-intensive blast furnaces and oxygen converters
- The majority of scrap is consumed in EAF steelmaking, with more than a 1,000 kg of scrap used for each tonne of steel made
- Sources of steel scrap
- Estimated scrap supply by source
- Scrap supply that is not consumed domestically is exported
- Scrap supply will be sufficient to accommodate rising scrap demand over the next 20 years
- Relative sector sizes have changed drastically since the 1900s
- Since the 1990s, the US has been a significant net-importer of vehicles
- A longer lifecycle delays the impact of demand fall during the 90s and the GFC
- Indirect steel imports have a major impact on obsolete scrap supply
What's included
This report contains:
Other reports you may be interested in
29 March 2018
Global steel long-term outlook Q1 2018
Global steel long-term outlook Q1 2018
Sturdy steel demand growth, Chinese capacity closures and a tightening global trade balance will support steel prices in the near-term.
$9,10030 September 2016
Global steel long-term outlook Q3 2016
Global steel long-term outlook Q3 2016
Chinese stimulus has boosted short-term steel demand and raised global prices. The effects will not last; long-term growth will be sluggish.
$9,10031 October 2017
Global steel short-term outlook October 2017
Global steel short-term outlook October 2017
Is winter coming for China's steel industry? 2+26 policy will bring cleaner air and lower steel consumption.
$1,800
