Tag: Subdued demand

Global: Steel scrap consumption dips 2% y-o-y in CY’24

May 29, 2025

—

by

Aditi Sen

in Melting Scrap

Steel scrap share declines across key nations EU, Turkiye show uptick in scrap demand Global ferrous scrap consumption inched down by 2% y-o-y in CY’24 to 603 million tonnes (mnt) compared to 616 mnt in CY’23, as per data maintained with BigMint. The drop comes amid a 0.9% fall in global crude steel production. Subdued…