Metals & Alloys · Direct
Monitoring · monthlyProcurement Category Intelligence
Scrap Steel
Overview
Market size
$120
global, USD
CAGR
4.5%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
6
tracked players
Signals
12
monitored
Market outlook
2031$150
What changed
Demand by region
Asia Pacific demand48%
Europe demand22%
North America demand18%
Rest of world demand12%
share of global demandtotal 100%
Cost drivers
Raw scrap metal collection and sourcing55%
Processing, shredding, and sorting operations20%
Inbound and outbound logistics and freight15%
Energy and utility consumption10%
share of delivered cost (analyst estimate)