World consumption of scrap metal fell by 10.5%

According to the latest report published by the Bureau of International Recycling (BIR), in the first half of 2020, global scrap consumption amounted to about 209.4 million tons, which is 10.5% less than a year earlier.

Among them, the consumption of scrap in China used for the production of crude steel decreased by 7.3% year on year to 93.75 million tons, while scrap consumption in the 28 EU countries decreased by 13.3% year on year to about 39.8 million tons.

In the US, the decline compared to the same period last year amounted to 18.9% to 20.2 million tons;

In Russia, the decrease compared to the same period last year amounted to 7.3% to about 14.55 million tons;

In Japan, the decline compared to the same period last year was 19.8% to about 14.3 million tons;

South Korea fell 8.3% year on year to about 13.57 million tonnes;

Turkey’s exports fell 4.3% year on year to about 13.66 million tonnes.

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