Feb 4, 2025

EU Ferrous Scrap Exports Decline Amidst Shifting Trade Dynamics

In a recent report, EU companies specializing in ferrous scrap operations experienced a notable downturn, with exports diminishing by 9.3% to a total of 15.56 million tons from January to November 2024, compared to the same period in 2023. This information is derived from GMK Center's calculations based on Eurostat data. During this time, over 60% of the exports were directed towards Turkey, totaling 9.88 million tons, marking a 4.8% increase year-on-year.

While Turkey continues to dominate as the largest recipient of EU ferrous scrap, the overall shift in trade patterns is significant. According to IndexBox data, the Netherlands stood as the leading exporter in the EU, with exports valued at USD 108.7 million in 2024. This was followed by Spain (USD 97.5 million), Poland (USD 89.4 million), France (USD 88.9 million), and Germany (USD 57.3 million). Interestingly, Spain also topped the import charts for the same category, with imports valued at USD 91.8 million, followed by the Netherlands (USD 71 million) and Germany (USD 55.5 million).

In November 2024 alone, the EU exported 1.62 million tons of ferrous scrap, a 3.4% decrease compared to November 2023. However, it's noteworthy that this figure represents a 7.1% increase from the same month a year earlier, making it the highest monthly export total since January 2024. Notably, shipments to Turkish consumers increased dramatically by 45.8% year-on-year during November.

The mixed trends observed in EU ferrous scrap exports reflect broader shifts in the global steel industry. The European steel sector benefits from a 2.6% increase in production, yet the broader global steel production has witnessed a decline of 0.9% to 1.84 billion tons. The dynamics of supply chains are also evolving, with EU regulatory initiatives possibly limiting access to European raw materials for third countries in the future. The shifts in trade dynamics underscore Turkey's growing role as a key partner, even as exports to traditional partners like India and Egypt see contractions.

Source: IndexBox Market Intelligence Platform

  1. 1. INTRODUCTION

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    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
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  4. 4. MOST PROMISING PRODUCT

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    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
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  5. 5. MOST PROMISING SUPPLYING COUNTRIES

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    1. IMPORTS FROM 2012–2024
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  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
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  10. 10. PROFILES OF MAJOR PRODUCERS

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  11. 11. COUNTRY PROFILES

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    • United States
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  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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