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Global Steel Scrap Market Outlook 2016-2020

Global Steel Scrap Market Outlook 2016-2020

Market outlook of the global steel scrap market

Technavio's market research analyst estimates the global steel scrap market to post a slow but moderate CAGR of nearly 2% by 2020. The rising need to preserve natural resources, especially iron ore, is expected to result in this market's moderate growth rate during the forecast period.

Geographically, the Asian region is predicted to dominate the global market for steel scraps during the forecast period. The recent restriction on the export of nickel ore by the Indonesian government is a significant factor that impels market growth in this region during the forecast period.

Source-based segmentation of the steel scrap market

Home
Prompt
Obsolete
In this market research report, analysts have estimated the obsolete segment to be the largest market segment during the projected period. The obsolete segment presently accounts for a market share of nearly 49% and consists of industrial sectors like automobiles, appliances, ships, and bridges. The growing need to properly dispose of all the waste materials generated by these industrial segments is envisaged to account for its high market share during the forecast period.

Segmentation by grade and analysis of the steel scrap market

Shredded scrap
No. 2 heavy metal steel and bundles
No. 1 heavy metals
No. 1 and electric furnace bundles
Cut structural and plates
No. 1 busheling
Turnings and borings
Technavio market research analysts estimate the shredded steel scrap segment to account for a total market share of approximately 21% by 2020. Since this sector consists of homogeneous steel and scraps from auto bodies, the augmented need of disposing such materials is expected to result in market growth during the forecast period.

Competitive landscape and key vendors

The global steel scrap industry is similar to a pyramid structure, where most of the companies are located in the supplier's segment. The competitive environment in this market is expected to intensify with an increase in scrap usage innovations and M&A in the coming years. The key players in this market are expected to diversify their geographical presence with a focus on APAC during the forecast period.

The leading vendors in this market are -

AK Steel
ArcelorMittal
Bao Steel
Nucor
OmniSource
The other prominent vendors analyzed in this market study include Anyang, Hebei Iron and Steel, Hyundai, Nippon Steel & Sumitomo Metal, and POSCO.

Key questions answered in the report

What will the market size and the growth rate be in 2020?
What are the key factors driving the global steel scrap market?
What are the key market trends impacting the growth of the global steel scrap market?
What are the challenges to market growth?
Who are the key vendors in the global steel scrap market?
What are the market opportunities and threats faced by the vendors in the global steel scrap market?
Trending factors influencing the market shares of the Americas, Asia, Europe, and ROW?
What are the key outcomes of the five forces analysis of the global steel scrap market?
Technavio also offers customization on reports based on specific client requirement.

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Press Release

Technavio Announces the Publication of its Research Report – Global Steel Scrap Market Outlook 2016-2020

Technavio recognizes the following companies as the key players in the Global Steel Scrap Market Outlook: AK Steel, ArcelorMittal, Bao Steel, Nucor and OmniSource

Other Prominent Vendors in the market are: Anyang, Hebei Iron and Steel, Hyundai, Nippon Steel & Sumitomo Metal, and POSCO.

Commenting on the report, an analyst from Technavio’s team said: “Europe is one of the largest exporters of steel scrap globally. It is expected to get a return from historical consumption of steel in various products. However, it does not have consumption capacity, hence it has to export the material because of oversupply. In order to eliminate this situation, Europe can plan to add more EAFs to utilize the material more efficiently and profitably.”

According to the report, steel scrap is present in various quality grades, which can be used for numerous purposes. The presence of contaminants lowers the quality of scrap and makes it difficult for separation. However, plants have developed the ability to dilute residuals and get a better scrap from these lower grade residuals. This advancement in processing has also led to an increase in the use of lower quality grades, thus driving the growth of the global steel scrap market.

Further, the report states that steel products have a very long life. For instance, steel structures have a life of more than 60 years and cars can last for 12 years. Thus, the amount of steel scrap available for recycling is much less. With this lesser amount of scrap, the demand for steel products cannot be met to the full extent. Thus, the long life of steel products restricts the availability of steel for recycling.

Companies Mentioned

AK Steel, ArcelorMittal, Bao Steel, Nucor, OmniSource, Anyang, Hebei Iron and Steel, Hyundai, Nippon Steel & Sumitomo Metal, and POSCO.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Global steel scrap market
      • Table Global steel scrap market by source
      • Table Global steel scrap market by grade
      • Table Global steel scrap market by geography
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Scrap sorting and preparation techniques
    • Imports and exports
      • Table Global exports 2010-2014 (million metric tons)
      • Table Top five countries by steel scrap exports 2012-2014 (million metric tons)
      • Table Global imports 2010-2014 (million metric tons)
      • Table Top five countries by steel scrap imports 2012-2014 (million metric tons)
  • Value chain
    • Steel industry value chain
      • Table Steel industry value chain
    • Flow of steel scrap
      • Table Flow of steel scrap
  • Market landscape
    • Global steel scrap market
      • Table Global steel scrap market 2015-2020 (million metric tons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by grade
    • Overview
      • Table Global steel scrap market by grade 2015
      • Table Global steel scrap market by grade 2020
    • Global shredded steel scrap market
      • Table Global shredded steel scrap market 2015-2020 (million metric tons)
    • Global no.2 heavy metal steel and bundles steel scrap market
      • Table Global no.2 heavy metal steel and bundles steel scrap market 2015-2020 (million metric tons)
    • Global no.1 heavy metal steel scrap market
      • Table Global no.1 heavy metal steel scrap market 2015-2020 (million metric tons)
    • Global no.1 and electric furnace bundles steel scrap market
      • Table Global no.1 and electric furnace bundles steel scrap market 2015-2020 (million metric tons)
    • Global cut structural and plate steel scrap market
      • Table Global cut structural and plate steel scrap market 2015-2020 (million metric tons)
    • Global no.1 busheling steel scrap market
      • Table Global no.1 busheling steel scrap market 2015-2020 (million metric tons)
    • Global turnings and borings steel scrap market
      • Table Global turnings and borings steel scrap market 2015-2020 (million metric tons)
    • Global slag steel scrap market
      • Table Global slag steel scrap market 2015-2020 (million metric tons)
    • Global steel scrap market for other grades
      • Table Global steel scrap market for other grades 2015-2020 (million metric tons)
  • Market segmentation by source
    • Overview
      • Table Global steel scrap market by source 2015
      • Table Global steel scrap market by source 2020
    • Global obsolete steel scrap market
      • Table Global obsolete steel scrap market 2015-2020 (million metric tons)
    • Global home steel scrap market
      • Table Global home steel scrap market 2015-2020 (million metric tons)
    • Global prompt steel scrap market
      • Table Global prompt steel scrap market 2015-2020 (million metric tons)
  • Geographical segmentation
    • Overview
      • Table Global steel scrap market by geography 2015
      • Table Global steel scrap market by geography 2020
    • Steel scrap market in Asia
      • Table Steel scrap market in Asia 2015-2020 (million metric tons)
    • Steel scrap market in Europe
      • Table Steel scrap market in Europe 2015-2020 (million metric tons)
    • Steel scrap market in Americas
      • Table Steel scrap market in Americas 2015-2020 (million metric tons)
    • Steel scrap market in ROW
  • Market drivers
    • Concern toward global warming
    • Increase in use of lower quality grades
    • Ban on nickel ore exports and expansion of plants
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Trade restrictions
    • Long life of steel products
    • Fluctuating iron ore prices
      • Table Iron ore price 2005-2015 ($ per dry metric ton)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Shift toward electric arc furnaces
    • China to become self-sufficient in steel scrap
    • Europe to absorb its domestic products
  • Vendor landscape
    • Competitive scenario
    • Industry structure analysis
      • Table Industry structure of global steel scrap market
    • Major vendors
    • Other prominent vendors
  • Key vendor analysis
    • AK Steel
      • Table AK Steel: Product categories
      • Table AK Steel: Geographical segmentation by revenue 2014
    • ArcelorMittal
      • Table ArcelorMittal: Business segmentation 2014 by revenue
      • Table ArcelorMittal: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table ArcelorMittal: Geographical segmentation by revenue 2014
    • Baosteel
      • Table Baosteel: Business segmentation 2014 by revenue
      • Table Baosteel: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Baosteel: Geographical segmentation by revenue 2014
    • Nucor
      • Table Nucor: Business segmentation 2014 by revenue
      • Table Nucor: Business segmentation by revenue 2013 and 2014 ($ billions)
    • OmniSource
      • Table OmniSource: Product segmentation 2014
  • Appendix
    • List of abbreviation
  • Explore Technavio

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