European steel producers advocate for limitations on scrap exports
Date:2024-11-18View:62Tags:Butt weld fittings,hot rolled stainless steel coil,"heavy stainless plate"
The European Steel Association (EUROFER) emphasizes the importance of scrap as a crucial secondary raw material for the continent's steel industry. By reducing reliance on primary resources, energy consumption, and carbon emissions, scrap plays a pivotal role in advancing environmental objectives.
With the EU's climate agenda driving up the need for scrap, EUROFER and IndustriAll urge the European Commission and member states to:
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Recognize steel scrap as a strategic secondary material under the Critical Raw Materials Act.
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Ensure the effective enforcement of the revised EU waste shipment regulation to uphold EU environmental standards globally and prevent circumvention.
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Promote sustainable procurement practices through bilateral trade agreements, fostering market access and eliminating unfounded export barriers.
Historically, the EU has been a net exporter of ferrous scrap, with recent data showing a 5% annual increase in exports to 17.67 million tons. Turkey has been a significant hub for European scrap trade, fueled by its electric arc furnaces driving a substantial portion of the country's steel production.
Over the past five years, Turkey has accounted for a considerable share of the EU's scrap exports, partly attributed to Brexit and Russian export limitations. Notably, Egypt, India, and Pakistan serve as key third-party partners for scrap trade, with their import volumes rising alongside the expansion of steel production in the Asian region.
The EU's proposed restrictions on scrap exports have raised concerns among emerging markets, along with the introduction of the Carbon Border Adjustment Mechanism (CBAM). Global ferrous scrap trade in the first half of 2024 witnessed a 6% decline from the previous year, totaling 25.9 million tons. Heightened steel exports from China, characterized by competitive pricing, have impacted production across various regions, directly influencing demand for scrap materials.
