North American steel scrap exports 2000-2021 Iron and steel: home scrap production in the U.S. Iron and steel scrap: reported consumption in the U.S. Turkish total steel exports were over 22 million in 2021, with the European Union being their main destination area. Its crude steel production was also on the rise by around 13 percent. Despite these external factors, Turkey’s steel scrap consumption increased by 16 percent in 2021, reaching almost 35 million metric tons. Rising costs came as a result of steel tariffs and higher energy prices. The steel industry in Turkey has recently come under pressure due to higher prices. Steel production is among Turkey’s largest industries, and the country is home to one of the largest steel mining companies in Europe, Ereğli Demir ve Çelik. Overall, the 2021 results were more optimistic compared to the previous year, when steel scrap imports slowed down worldwide. The European Union was the area with the highest growth in steel scrap imports between 20, reaching an increase of some 31 percent, while Turkish steel scrap imports rose by 11 percent. Although the price of steel scrap is strongly influenced by the price of iron ore, it has become financially viable to bring electric arc furnaces on line and make new products from recycled steel. Many regions incentivize recycling, as it improves energy efficiency and reduces pollution. Steel is one of the most widely recycled materials in the world. It dwarfed all other main steel scrap importing countries, with India coming in second at around 5.1 million metric tons of imports of the metal. Turkey is by far the largest importer of steel scrap in the world, with approximately 25 million metric tons of steel scrap imported in 2021.
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