World 2013 ferrous scrap consumption nearly 528 million tonnes
The world's ferrous scrap consumption totaled nearly 528,329,000 tonnes in calendar 2013 up 4,606,000 tonnes or 0.9% from a year ago, topping 500 million tonnes for three consecutive years from calendar 2011, when its annual ferrous scrap consumption marked a new high.
It is difficult to grasp the world's total ferrous scrap consumption by combining the consumption volumes of various nations. As a result, the world's apparent ferrous scrap consumption by subtracting the total of its pig iron and DRI production from its crude steel production on the basis of statistics from the World Steel Association. The calculation took as apparent ferrous scrap consumption the result of subtracting the total of pig iron and DRI production on the assumption that total consumption of iron source material equals 1.09 times crude steel production, given differences between crude steel production and iron source material input.
The world's crude steel production totaled 1,607,229,000 tonnes in calendar 2013 up 3.1% from a year ago when its pig iron production totaled 1,164,612,000 tonnes up 4.1% and its DRI production totaled 58,939,000 tonnes up 4.0%. TEX Report applied each production volume in its calculation and estimated the world's apparent ferrous scrap consumption in calendar 2013 at a total of 528,329,000 tonnes up 0.9% from a year ago.
In TEX Report's similar calculations, the world's annual ferrous scrap consumption in recent calendar years indicated 457,782,000 tonnes in 2008 up 1.4% from a year ago ; plunged to 360,248,000 tonnes in 2009 down 21.3% likewise; and recovered remarkably to 467,914,000 tonnes in 2010 for an all time high, up 29.9%. Then, it hit 527,295,000 tonnes in 2011, topping 500 million tonnes for the first time, but it dipped by 0.7% from a year ago to 52,372,3000 tonnes in 2012. In 2013, though, it marked a new high of 528,329,000 tonnes with YoY increase for the first time in two years.
Source - The TEX Report