Steel Scrap

Steel Scrap
Global Steel Scrap Market to Reach 738 Million Metric Tons by 2030
The global market for Steel Scrap estimated at 519.5 Million Metric Tons in the year 2022, is projected to reach a revised size of 738 Million Metric Tons by 2030, growing at a CAGR of 4.5% over the period 2022-2030. Obsolete, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach 414.3 Million Metric Tons by the end of the analysis period. Growth in the Prompt segment is estimated at 3.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at 49.5 Million Metric Tons, While China is Forecast to Grow at 5.5% CAGR
The Steel Scrap market in the U.S. is estimated at 49.5 Million Metric Tons in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of 287.4 Million Metric Tons by the year 2030 trailing a CAGR of 5.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.Select Competitors (Total 73 Featured) - ArcelorMittal S.A. Baosteel Group Corporation Commercial Metals Company EVRAZ North America Gerdau S/A Metalico, Inc. Nucor Corporation Oryx Stainless Group Schnitzer Steel Industries, Inc. Sims Metal Management Limited Steel Dynamics, Inc.Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

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