Global scrap generation, consumption by country

Country-level scrap generation and consumption data show regional divergence. China’s scrap generation fell sharply by 13% to 193 mnt in CY’25, with consumption declining by the same magnitude due to steel output cuts and weak EAF profitability. In contrast, India’s generation rose 22% y-o-y to 31.2 mnt, while consumption increased 16% to 39.2 mnt, leaving a wide supply gap for imports.