Scrap exports from the EU in 2023 rose by 7% year-on-year to 18.53 million tons compared to 2022. Exports in 2022 saw a decline of 10% year-on-year for the first time after an upward trend of more than 6 years.

In December 2023, EU scrap exports totaled 1.61 million tons, up 41% from December 2022, and down 6% from November.

The average monthly export volume during the past year reached 1.54 million tons, compared to 1.45 million tons in 2022.

Meanwhile, March was the largest month in export volume with 1.72 million tons and May was the lowest with 1.05 million tons.

Turkey was the main importer of scrap last year, with 10.59 million tons, unchanged from 2022, and 57.1% of total exports.

It is followed by India with a volume of 2.24 million tons, an increase of 64% compared to 2022, followed by Egypt with a volume of 1.66 million tons, an increase of 19% year-on-year, Pakistan with a volume of 796.3 thousand tons, an increase of 3%, and the United States with a volume of 694.85 thousand tons, an increase of 93% year-on-year.