� RECYCLING �
Together with their customers , Tata Steel Nederland have set up both open and closed loop recycling initiatives . These aim to increase circularity throughout the steel value chain .
level as steel decarbonised through other means ? The LESS classification itself ( see image on page 36 ) sets stricter decarbonisation requirements for steel with a high recycled content .
European scrap will be more difficult to export whilst being more in demand locally
Looking ahead , the European steel scrap market is expected to face increasing pressure as the region continues to shift towards more sustainable production methods , particularly through the adoption of electric arc furnace ( EAF ) technology . The demand for high-quality , lowresidual scrap is likely to grow significantly , driven by the EU ’ s decarbonisation goals . However , supply constraints , especially for premium-grade scrap , may intensify due to tighter regulations on scrap exports under the revised Waste Shipment Regulation . These factors could lead to a more competitive market within Europe , where steelmakers might struggle to secure sufficient high-quality scrap to meet their production needs .
Globally , the competition for steel scrap is poised to intensify as emerging markets like Turkey , India , and China continue expanding their steel production capacities . With Europe potentially retaining more of its scrap supply , other regions may face tighter markets , driving up prices and encouraging investment in local recycling infrastructure . Additionally , trade policies , environmental regulations , and the evolving dynamics of global supply chains will play critical roles in shaping the availability and cost of steel scrap , with significant implications for both regional and global markets . As a result , stakeholders in the steel industry will need to navigate a complex landscape of regulatory changes , supply constraints , and shifting demand to ensure sustainable growth .
Green Steel World | Issue 15 | November 2024 37