The total global seaborne trade in ferrous scrap in the first half of calendar year 2021 (H1CY’21) is up 11% y-o-y to 33.22 million tonnes (mn t), compared to 29.91 mn t seen in H1CY’20, as per SteelMint’s data.
In the full year of 2020 (CY’20), the total volume was almost 66.36 mn t, a marginal increase of 1.3% against 65.5 mn t in CY’19. However, in a Covid-scarred CY’21, plagued by infections, lockdowns and low steel consumption, imports of ferrous scrap – provided H1 volumes sustain or increase marginally in H2 – are expected to remain almost flat. We expect total global trade ferrous scrap to be in the range of 66-68 mnt for the year 2021.
Speakers:
Mr Zain Nathani, Director, Nathani Group of Companies & Vice President, BIR-Ferrous Division
Mr Abhijeet Mahanta, Head – Ferrous, European Metal Recycling (India, Bangladesh)
Date:
18 Oct’21 , 12:30 (IST)
Key points of discussion:
- Demand-supply scenario
- Price outlook
- Emerging markets and shifts in trade dynamics