Who Buys Steel Scrap -

These buyers melt scrap to cast it into specific parts for the automotive, machinery, and tool industries.

While China produces the most steel, it has historically used less scrap percentage-wise (~22%). However, it is now the largest overall consumer of scrap as it shifts toward greener EAF technology. who buys steel scrap

Significant regional buyers in Asia that import scrap for their automotive and shipbuilding industries. 🪜 The "Buyer Hierarchy" These buyers melt scrap to cast it into

These are the largest consumers. Unlike traditional blast furnaces that use iron ore, EAFs can run on up to 100% recycled scrap . Significant regional buyers in Asia that import scrap

World's second-largest steelmaker; recently acquired multiple scrap firms to secure its supply chain. Scrap Processor

The undisputed #1 buyer globally. Turkey relies on scrap for over 85% of its steel production , importing roughly 20-25 million tons annually.