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Recent scrap metal export news includes a ban on scrap metal exports being lifted in Argentina after a 16-year period.

Additionally, the European Union is considering export restrictions to boost local recycling, while some experts and industry players are calling for restrictions to be put in place to support domestic steel production. 

Argentina:
  • The Argentinian government has ended the ban on scrap metal exports, aiming to facilitate the import and export of scrap metal and lower production costs for businesses.
European Union:
  • The EU is considering a series of measures, including minimum recycled content requirements for vehicles and construction products, to encourage the use of recycled metals within the region.
     

 

 

  • Some experts and industry groups are urging the EU to consider restrictions on scrap exports to support domestic recycling industries.
  • There's concern that increasing scrap exports are diminishing the volume of scrap available for recycling in Europe.
     
Global Trends:
  • The global recycled scrap metal market is projected to experience significant growth, with sales expected to reach $75.5 billion in 2025.
     

 

  • The United States continues to be a major exporter of scrap metals, with significant exports of both iron and precious metal scrap.
     
  • The US scrap exports have seen a decline for the third consecutive year, with prices also decreasing.