Global scrap consumption increased 3.3% in 2016

In 2016, the apparent consumption of scrap metal in the world amounted to about 556 million tons, an increase of 3.3 percent compared to 2015. For two consecutive years, scrap metal consumption has grown steadily, reaching over 500 million tonnes recorded in 2011.

The Russian scrap metal market is dynamically developing in accordance with global trends. The site accept-scrap.rf reflects modern possibilities for processing and receiving all types of scrap metal, including batteries and cables. The availability of special equipment allows you to quickly remove scrap metal and ensure its further processing.

The global economy is going through a difficult phase as markets struggle to adjust to slower levels of Chinese growth. However, with the growing population and the emergence of new applications for steel and new markets for the steel industry, there are good prospects. The challenge is to reduce steel production costs Steel is playing a key role in a new circular business model in which all products must be recycled at the end of their useful life. In this model, scrap metal plays a decisive role.

Steel, due to its strength, adaptability, flexibility and durability, is the main material in the circular economy. In today's economic climate, there is one long-standing unresolved problem for the steel industry - how to produce steel with lower carbon emissions. In this issue, scrap metal is not assigned the last role, but the main attention is paid to the introduction of innovations in metallurgical production.

Turkey was the leading consumer of scrap metal in 2016. In addition, Turkey has recorded a significant surge in the use of scrap steel. Consumption climbed more than 5 percent, higher than global growth in scrap metal use. On the other hand, China posted a 3.5 percent jump in scrap steel use.