Insight
Will the US run out of steel scrap?
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
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Supply
- Home scrap
- Prompt scrap
- Obsolete scrap
- Total scrap supply
- How scrap demand compares to supply
Tables and charts
This report includes the following images and tables:
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US Steel profitability is highly volatileNucor achieves higher and more stable marginsThe EAF share of steelmaking will rise as more flexible electric furnaces replace the large-scale, capital-intensive blast furnaces and oxygen converters
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The majority of scrap is consumed in EAF steelmaking, with more than a 1,000 kg of scrap used for each tonne of steel madeSources of steel scrapEstimated scrap supply by sourceScrap supply that is not consumed domestically is exportedScrap supply will be sufficient to accommodate rising scrap demand over the next 20 yearsRelative sector sizes have changed drastically since the 1900sSince the 1990s, the US has been a significant net-importer of vehiclesA longer lifecycle delays the impact of demand fall during the 90s and the GFCIndirect steel imports have a major impact on obsolete scrap supply
What's included
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