Post Views: 386 Britain Scrap Steel Steel Industry Transition Sparks Concerns Over Recovered Steel Export Restrictions Britain’s shift to low-carbon electric arc furnace (EAF) steelmaking will reshape the scrap steel market. The country aims to fully phase out blast furnaces by 2050, which will sharply increase domestic demand for recovered steel. To secure supply, several industry groups now advocate for recovered steel export restrictions. However, a new report from Sheffield Hallam University, commissioned by the British Metals Recycling Association (BMRA), argues that such restrictions could cause serious harm. The study shows that even if every U.K. furnace switches to EAFs and uses only scrap steel, domestic needs would cover just two-thirds of the annual recovered steel supply. The remaining third still requires export to keep the market stable. BMRA CEO James Kelly warns that limiting exports would damage the industry’s global competitiveness. “Exports are the ...
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