metal recycling market on course for growth
One year after the economic crisis, the European
metal recycling market is back on the growth path. Ecoprog expects
the market volume for scrap steel to triple until 2014 – compared
to the 2009 amounts.
In 2010, approximately 100 million tons of scrap steel will be
sold in Europe. Compared to 2009, the market volume has increased
by almost 70 percent. In comparison to the pre-crisis figures
of 2008, ecoprog expects the market volume to grow by 35 percent.
Since last year, the price for a ton of scrap steel has increased
by about 50 percent, the amount of produced scrap steel by approximately
ten per cent.
One can expect a further growth in the future. On the one hand,
the great global demand for crude steel, especially as a consequence
of the infrastructure development in the emerging countries,
is a market driver. At the same time, the recovering economy
and the again increasing industrial production in Europe result
in growing amounts of new and old scraps.
In the end, especially the environmental legislation of the European
Union will cause higher recycling rates and, hence, increasing
amounts of scrap. In 2012 already, the European metal recycling
market will probably not only achieve the pre-crisis level, but
even rise above it. This will only happen, however, if the global
economy remains stable.
The largest amounts of scrap emerge – resulting from the well
advanced implementation of the European legislation – in Scandinavia
and the German-speaking countries. This holds especially true
for metalliferous waste from private households. In the years
to come, the countries in Southern and Eastern Europe will also
increasingly implement the European legislation. Hence, the amounts
of scrap will also grow here.
Ecoprog has recently published the multi-client study, “The Metal
Recycling Market in Europe.” It analyses all essential political,
economic, managerial and technical trends in the European market
for metal recycling and can be ordered at www.ecoprog.com.