(january-june 2015 update)

EU-28 STEEL SCRAP STATISTICS(JANUARY-JUNE 2015 UPDATE)

by Rolf WillekeStatistics Advisor of the BIR Ferrous DivisionPresented at EFR Branch General Assembly

Brussels, 17 November 2015

CONTENTS

EU-28 Crude Steel Production and Steel Scrap Use

Main Steel Scrap Use for Steelmaking in the World

Steel Scrap for Steelmaking in EU-28 Countries

Main Steel Scrap Importers in the World

Main Steel Scrap Exporters in the World

EU-28 Steel Scrap Trade

EU-28 Apparent Domestic Supply of Steel Scrap

CONTENTS

EU-28 Steel Scrap Exports to Third Countries

Main Flows of EU-28 Steel Scrap Exports

EU-28 External Steel Scrap Exports

EU-28 Internal Steel Scrap Exports

Steel Scrap Price Curves for Exports

Summary of the main news and findings

EU-28 CRUDE STEEL PRODUCTION AND STEEL SCRAP USE (MILLION TONNES)

Jan-June 2015 Jan-June 2014 % Change

Crude Steel Production 88.12 87.66 +0.5

Total Steel Scrap Use 48.40 48.14 +0.5

Ratio Steel Scrap/Crude Steel in % 54.93 54.92

Source: Steel Scrap Consumption: EUROFER; Steel Production: wordsteel

MAIN STEEL SCRAP USE FOR STEELMAKING IN THE WORLD (MILLION TONNES)

Steel Scrap Consumption Crude Steel Production

Jan-June2015

Jan-June2014

% Change Jan-June2015

Jan-June2014

% Change

EU-28 48.40 48.14 +0.5 88.12 87.66 +0.5

China 43.1 47.5 -9.3 409.97 415.37 -1.3

USA 24.0 e 26.0 -7.7 39.87 43.61 -8.6

Japan 17.03 18.98 -10.3 52.64 55.24 -4.7

Korea Rep. 15.17 16.88 -10.1 34.53 36.30 -4.9

Turkey 13.21 14.73 -10.3 16.19 17.16 -5.7

Russia 8.26 8.27 -0.1 35.71 35.42 +0.8

e: estimatedSources: wordsteel, EUROFER, CAMU, ISRI/USGS, TCUDJapan Ministry of Economy, KOSA, Impextrade LLC, Russia

MAIN STEEL SCRAP USE FOR STEELMAKING IN EU-28 COUNTRIES (MILLION TONNES)


Jan-June2015

Jan-June2014


Jan-June2014

% Change

Austria 1.384 1.400 -1.1 3.969 3.956 +0.3

Belgium 1.567 1.493 +5.0 3.837 3.681 +4.2

Bulgaria 0.353 0.343 +2.8 0.324 0.314 +3.2

Croatia x x x 0.095 0.108 -11.9

Czech Rep. 1.012 0.984 +2.8 2.769 2.726 +1.6

Finland 1.047 0.999 +5.0 2.071 1.967 +5.3

France 4.226 4.077 +3.7 8.166 8.305 -1.7

Germany 9.514 10.070 -5.5 22.149 22.485 -1.5

X: Figures not available



Jan-June2015

Jan-June2014


Jan-June2014

% Change

Greece 0.614 0.600 +2.3 0.518 0.510 +1.6

Hungary 0.325 0.207 +57.0 0.852 0.465 +83.2

Italy 10.345 10.940 -5.4 11.719 13.105 -10.6

Luxembourg 1.219 1.256 -2.9 1.110 1.121 -1.0

Netherlands 0.909 0.853 +6.6 3.553 3.438 +3.3

Poland 3.083 2.510 +22.8 4.947 4.207 +17.6

Portugal 1.175 1.137 +3.3 1.047 1.011 +3.6

Romania 0.845 0.793 +6.6 1.679 1.409 +19.2



Jan-June2015

Jan-June2014


Jan-June2014

% Change

Slovakia 0.768 0.749 +2.5 2.428 2.325 +4.4

Slovenia 0.366 0.368 -0.5 0.325 0.323 +0.6

Spain 6.370 6.056 +5.2 7.830 7.578 +3.3

Sweden 1.192 1.184 +0.7 2.468 2.428 +1.6

UK 2.087 2.119 -1.5 6.258 6.198 +1.0

EU-28 48.400 48.137 +0.5 88.115 87.661 +0.5

Source: Steel Scrap Consumption: EUROFER; Steel Production: wordsteel

MAIN STEEL SCRAP IMPORTERS IN THE WORLD (MILLION TONNES)


Turkey 8.472 9.729 -12.9

India 3.168 2.438 +29.9

Korea Rep. 2.778 4.308 -35.5

Taiwan 2.301 2.196 +4.8

USA 1.856 2.109 -12.0

EU-28 1.414 1.605 -11.9

China 1.274 1.305 -2.4

Belarus 0.646 0.420 +53.8

Mexico 0.608 0.458 +32.8

Indonesia 0.523 1.126 -53.6

Canada 0.516 0.674 -23.5

Source: Official Trade Statistics/WVStahl

MAIN STEEL SCRAP EXPORTERS IN THE WORLD (MILLION TONNES)


EU-28 7.455 8.478 -12.1

USA 6.902 7.595 -9.1

Japan 4.137 3.734 +10.8

Russia 2.757 2.736 +0.8

Canada 1.641 2.192 -25.1

Australia 1.030 1.206 -14.6

Ukraine 0.739 0.464 +59.3

South Africa 0.658 0.726 -9.4

Source: Official Trade Statistics/WVStahl

EU-28 STEEL SCRAP TRADE (MILLION TONNES)

Exports to Third Countries Imports from Third Countries

Jan-June Jan-June

2015 2014 % Change 2015 2014 % Change

7.455 8.478 -12.1 1.414 1.605 -11.9

Remark: The Exports Surplus of Jan-June 2015 was 6.041m tonnes

Source: Official Trade Statistics/WV Stahl

EU-28 APPARENT DOMESTIC SUPPLY OF STEEL SCRAP (MILLION TONNES)

Jan-June2015

Jan-June2014

% Change Jan-Dec2014

Jan-Dec2013

% Change

Steel Scrap Use 48.400 48.137 +0.5 91.259 90.347 +1.0

minus Steel Scrap Imports

from Third Countries 1.414 1.605 -11.9 3.137 3.191 -2.0

Sub total 46.986 46.532 +1.0 88.122 87.156 +1.1

plus Steel Scrap Exports

to Third Countries 7.455 8.478 -12.1 16.859 16.806 +0.3

Apparent Domestic Supply

of Steel Scrap in EU-28 54.441 55.013 -1.04 104.981 1.03.962 +1.0

Source: EUROFER; Official Trade Statistics/WV Stahl

EU-28 STEEL SCRAP EXPORTS TO THIRD COUNTRIES

MAIN FLOWS OF EU-28 STEEL SCRAP EXPORTS

EU-28 EXTERNAL STEEL SCRAP EXPORTS BY COUNTRY (MILLION TONNES)Steel Scrap Exports by main EU-28 Exporters to Third Countries

Exporters Jan-June2015

Jan-June2014

% Change BiggestBuyers

Jan-June2015

% Change

UK 2.317 2.424 -4.4 Turkey 1.042 -11.3

India 0.445 +8.3

Pakistan 0.339 +143.9

Egypt 0.125 -68.8

Morocco 0.091 +62.5

USA 0.074 -22.1

Belgium 1.143 1.143 -13.5 Turkey 0.790 -1.3

Egypt 0.275 -38.9

China 0.033 +43.5

EU-28 EXTERNAL STEEL SCRAP EXPORTS BY COUNTRY (MILLION TONNES)

Steel Scrap Exports by main EU-28 Exporters to Third Countries


Jan-June2014


Jan-June2015

% Change

Netherlands 0.993 1.030 -3.6 Turkey 0.713 +17.3

Morocco 0.089 (1)

India 0.050 -26.5

China 0.048 -18.6

Korea Rep. 0.037 -15.9

(1) Comparable figures for first half 2014 are not available

EU-28 EXTERNAL STEEL SCRAP EXPORTS BY COUNTRY (MILLION TONNES)

Steel Scrap Exports by main EU-28 Exporters to Third Countries


Jan-June2014


Jan-June2015

% Change

Germany 0.524 0.662 -20.8 Turkey 0.196 -32.4

Switzerland 0.196 +12.0

India 0.087 +/-0.0

Sweden 0.338 0.331 +2.1 Turkey 0.139 +13.9

USA 0.060 -31.0

Norway 0.057 +21.3

Romania 0.331 0.625 -47.0 Turkey 0.302 -49.2

EU-28 EXTERNAL STEEL SCRAP EXPORTS BY COUNTRY (MILLION TONNES)Steel Scrap Exports by main EU-28 Exporters to Third Countries


Jan-June2014


Jan-June2015

% Change

France 0.282 0.312 -9.6 Turkey 0.103 -38.0

Switzerland 0.048 +11.6

Morocco 0.046 -13.2

Egypt 0.039 (1)

Bulgaria 0.154 0.196 -21.4 Turkey 0.107 -33.1

Macedonia 0.042 +35.5

EU-28 Extra Trade 7.455 8.478 -12.1

(1) Comparable figures for first half 2014 are not availableSource: Official Trade Statistics/WV Stahl% Change Jan-June 2015/2014

EU-28 INTERNAL STEEL SCRAP EXPORTS BY COUNTRY (MILLION TONNES)

Main Steel Scrap Exports between EU-28 Countries


Jan-June2014


Jan-June2015

% Change

Germany 3.753 3.963 -5.8 Netherlands 0.901 -0.9

Italy 0.703 -24.0

Luxembourg 0.566 -2.9

Belgium 0.498 -12.0

France 0.470 +0.6

Spain 0.154 +140.6

Austria 0.139 -19.7




Jan-June2014


Jan-June2015

% Change

France 2.623 2.969 -11.7 Spain 0.918 +15.0

Belgium 0.700 -11.2


Italy 0.314 -16.9

Germany 0.203 -11.0




Jan-June2014


Jan-June2015

% Change

Netherlands 1.442 1.400 +3.0 Germany 0.344 -19.6

Belgium 0.325 -27.6

Finland 0.235 +0.9

Spain 0.212 +46.2

UK 1.272 1.038 +22.5 Spain 0.663 +24.9

Portugal 0.279 +34.1




Jan-June2014


Jan-June2015

% Change

Czech Rep. 0.926 1.009 -8.2 Germany 0.338 -19.7

Austria 0.201 +4.7

Poland 0.164 +45.1

Italy 0.142 -2.7

Poland 0.744 0.956 -22.2 Germany 0.406 -24.5

Czech Rep. 0.194 -16.0




Jan-June2014


Jan-June2015

% Change

Belgium 0.649 0.732 -11.3 France 0.347 -11.9

Netherlands 0.128 +14.3


Austria 0.531 0.503 +5.6 Italy 0.304 +3.4

Germany 0.167 +8.4

EU-28 Intra Trade 14.767 15.697 -5.9

Source: Official Trade Statistics/WV Stahl% Change Jan-June 2015/2014

STEEL SCRAP PRICE CURVES(SEPTEMBER 2014-2015)

SUMMARY OF THE MAIN NEWS & FINDINGS

o Figures for the first six months of 2015 show a small increase in EU-28 crude steel production (+0.5% to 88.12m tonnes) as compared to the first half of 2014.

o The same growth in percentage terms was recorded in EU-28 steel scrap usage in the first six months of 2015 (+0.5% to 48.4m tonnes).

o In the EU-28, the steel scrap share of crude steel productionwas 54.93% in the first six months of 2015 compared with 54.92% in the same period of 2014.

o The EU-28 was the world’s leading steel scrap user.


o In the first half of 2015, the biggest steel scrap users in the EU-28 were:

Italy (-5.4% to 10.345m tonnes) Germany (-5.5% to 9.514m tonnes) Spain (+5.2% to 6.37m tonnes) France (+3.7% to 4.226m tonnes)

o Statistics for the first six months of 2015 show a cut in steel scrap imports by the EU-28 (-11.9% to 1.414m tonnes).

o Turkey remained the world’s foremost steel scrap importer in spite of a drop in overseas steel scrap purchases of 12.9% to 8.472m tonnes in the first half of 2015. India was the world’s second largest steel scrap importer (+29.9% to 3.168m tonnes).


o Despite a steep reduction in EU-28 steel scrap exports in the first six months of 2015 (-12.1% to 7.455m tonnes), it remained the world leader in terms of volumes shipped abroad. The USA remained the world's second largest steel scrap exporter (-9.1% to 6.902m tonnes).

o The EU-28 is a net steel scrap exporter, having recorded a steel scrap export surplus of 6.041m tonnes in January-June 2015.

o The EU-28’s apparent domestic supply of steel scrap was 55.441m tonnes in the first half of 2015 (-1.04% compared to the same period in 2014).


o The main buyers of EU-28 steel scrap in January-June 2015 were:

Turkey (-13.1% to 4.39m tonnes)

India (-1.3% to 0.742m tonnes)

Pakistan (+81.3% to 0.484m tonnes)

Egypt (-59.4% to 0.441m tonnes)

Switzerland (+13.2% to 0.275m tonnes)

Morocco (+99.2% to 0.237m tonnes)

China (+2.8% to 0.185m tonnes)

o Within the EU-28, the United Kingdom was the biggest exporter of steel scrap to third countries in the first half of 2015 (-4.4% to 2.317m tonnes).

o For the first six months of 2015, Turkey was clearly the biggest buyer of steel scrap from the European Union.


o The intra-European steel scrap trade reached 14.767m tonnes in January-June 2015 (-5.9% compared to the same period in 2014).

o The biggest intra-European steel scrap exporter in January-June 2015 was Germany with 3.753m tonnes (-5.8% compared to the first half of 2014).

o The steel scrap trade within the EU-28 plays an important role in the raw materials supply chain for the EU steel industry.

o Steel scrap export price curves reflect the difficult market trend.

Thank you for your attention!

(january-june 2015 update)

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