Global ferrous scrap seaborne trade rose by over 5% to 57.74 million tonnes (mnt) in 2021 against 55 mnt seen in the previous calendar. However, it may be noted the figure does not include the inter-trade within the European Union countries, which may amount to an additional 25-30 mnt. Turkey topped with a leading volume of 24.36 mnt in 2021 against 22.18 mnt in 2020, showing a y-o-y rise of almost 10%.
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