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7 Pages

Will the US run out of steel scrap?

Will the US run out of steel scrap?

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...

What's included?

This report includes 2 file(s)

  • Will the US run out of steel scrap? PDF - 334.51 KB 7 Pages, 0 Tables, 12 Figures
  • US scrap demand-supply summary (V1.0).xls XLS - 101.50 KB


This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

We provide unique in-depth analysis of the metals supply industry so you can make confident strategic decisions.

  • Executive summary
  • Demand
  • Supply
    • Home scrap
    • Prompt scrap
    • Obsolete scrap
  • Total scrap supply
  • How scrap demand compares to supply

In this report there are 12 tables or charts, including:

  • Executive summary
    • US Steel profitability is highly volatile
    • Nucor achieves higher and more stable margins
  • Demand
    • 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
  • Supply
    • Sources of steel scrap
    • Estimated scrap supply by source
    • 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
  • Total scrap supply
  • How scrap demand compares to supply
    • Scrap supply that is not consumed domestically is exported
    • Scrap supply will be sufficient to accommodate rising scrap demand over the next 20 years
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