| |
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
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.