Navigate Commodities released a report on Turkey’s 2024 steel scrap market. Turkey’s mills sourced scrap globally. The U.S. supplied 22.2% of Turkey’s ferrous scrap. However, Europe dominated. UK, Netherlands, and Europe combined for 72.4% of imports. This shows Europe’s role in Turkey’s EAF supply.
Europe’s Key Role in Turkey’s Scrap Supply
Europe was vital for Turkey’s scrap. The Netherlands shipped 16.6% of imports. Rotterdam acted as a key European hub. The UK followed with 12.6%. It was the third-largest supplier. Belgium, Lithuania, Denmark, Germany, and Romania also contributed. Specifically, they represent traditional scrap-exporting nations. They supported Turkey’s steel production.
Top Exporters: EMR Ltd. and Sims Ltd. Lead
EMR Ltd. and Sims Ltd. led scrap exports to Turkey. EMR shipped 14.6% of materials. Sims Ltd. contributed 12.1%. However, Sims Ltd. sold its UK assets to Unimetals Ltd. This could impact future volumes. Radius Recycling, Mazza Iron & Steel, Smith Industries, and American Iron & Metal also contributed. A significant portion came from “Common User” terminals. This highlights scrap logistics complexity.
Satellite Tracking Enhances Accuracy
Navigate Commodities uses satellite technology. It tracks scrap movement. This includes barges and ocean vessels. This provides accurate data on shipments. However, identifying suppliers at shared terminals is challenging. Atilla Widnell shared insights on scrap flow. The technology offers real-time data. It improves market transparency.
The Future of Scrap Analytics
Navigate Commodities offers a fresh view of scrap flows. They combine data with visuals. Widnell emphasized the infographics’ design. They expand data and market trends. The full infographic will be on LinkedIn. It provides insights to the global recycling community.
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