Posted on 06/03/2018 in category Ferrous

Steep increase in China's steel scrap usage and exports in 2017

by Rolf Willeke, BIR Ferrous Statistics Advisor
According to figures from China's  Association of Metalscrap Utilization (CAMU), China was the world’s biggest steel scrap user in 2017 after recording a steep 64.2% increase in its consumption to 147.9 million tonnes from 90.1 million tonnes in the previous year.
The reason for this sharp increase is that the Chinese government instructed BOF mills to increase their scrap consumption from 11% to 20%. In addition, many new EAFs are being installed or are in the pipeline for the near future. It has been heard that China’s annual EAF capacity could reach 120 million tonnes within two or three years.
Also in 2017, there was a major increase in China’s steel scrap exports, caused by its elimination of induction furnaces. New customs figures indicate that China shipped out 2.23 million tonnes of steel scrap in 2017, all of it in the final 10 months of the year. The biggest buyers are listed in the table below.

China's Steel Scrap Exports 2017

China Steel Scrap Exports 2017 fin