Latest News |
Henan Jiyuan I&S orders Danieli EWR to upgrade its bar mill 03 August 2020 |
INTERVIEW: JSPL's steel export thrust to taper amid Indian market recovery 03 August 2020 |
New slab grinder plant operating at Posco Pohang, Korea 03 August 2020 |
China July steel PMI slipped marginally to 49.2% 03 August 2020 |
CIS billet exports slow, but prices yet higher 03 August 2020 |
![]() |
![]() |
![]() |
![]() |
Global scrap trade in 2006 and H1 of 2007
The major exporters with their 2006 totals and year on year changes were
Country Volume Change
Country |
Volume |
Change |
|
14 |
8% |
|
9.8 |
-21% |
|
7.7 |
1% |
|
7.6 |
-2% |
|
7.4 |
21% |
|
5.8 |
16% |
In million tonnes
The major importers with their 2006 totals and year on year changes were
Country Volume Changes
Country |
Volume |
Changes |
|
14.5 |
11% |
|
7.4 |
7% |
|
5.7 |
5% |
|
5.6 |
-17% |
|
5.6 |
-1% |
|
5.4 |
-47% |
(In million tonnes)
The report further added that Russian fall in 2006 was partially due to a harsher than normal winter but is also due to increasing domestic production by both BOF & EAF routes as reflected in Severstal's recent acquisition of 1.1 million tonnes per year scrap merchant Vtorchermet. Russian EAF production increased by 1.5 million tonnes in 2006. Its Demand from increasing EAF capacity is likely to place a strain on world scrap supplies until emerging economies begin to generate significant scrap of their own.
Available figures for 2007 show increases in exports from USA up by 44% YoY, Russia up by 18% YoY, Germany up by 25% YoY and France up by 9% YoY, Japan down by 6% YoY and the UK down by 19% YoY recorded falling exports.
Available figures for 2007 show increases in imports by
Steelguru, September 22, 2007