Page 68 from: Recycling International: Free Issue, 2 2023
Ferrous Scrap Prices Reference date: March 15, 2023
USA Domestic Scrap Prices* (US$/GRT)
HMS 1 heavy steel scrap (1/4 Inch) composite price delivered at mills
Source: Davis Index
Source: Davis Index
USA Export Prices* (US$/GRT)
HMS 1, heavy steel scrap (1/4 Inch)
Composite Sales Price
ex Yard in Germany** (€/t)
E3/European Standard Quality No. 3, heavy old steel scrap (>6mm)
CFR Prices for shipments
from EU to Turkey (US$/t)
HMS 80/20 heavy steel scrap
– Fob East Coast
price
– Fob West Coast
price
M A M J J A S O N D J F M
482 473 447 396 363 326 315 309 298 321 356 379 403
482 473
447
396
363 326
315
309
298
321
356
379
403
200
250
300
350
400
450
500
M A M J J A S O N D J F M
M A M J J A S O N D J F M
601 602 440 354 350 352 328 327 314 360 385 406 430
578 558 365 379 357 364 347 347 324 361 389 408 420
601 602
440
354 350 352
328 327 314
360
385
406
430
578
558
365
379
357 364
347 347
324
361
389
408
420
300
350
400
450
500
550
600
650
M A M J J A S O N D J F M
M A M J J A S O N D J F M
634 637 471 389 375 380 354 358 338 379 404 422 446
634
637
471
389
375 380
354
358
338
379
404
422
446
180
230
280
330
380
430
480
530
580
630
680
M A M J J A S O N D J F M
F M A M J J A S J N D J F
413 517,6 538,9 462 358 315 326 320 315 319,7 324 354,1 357
413
517,6
538,9
462
358
315
326
320
315
319,7
324
354,1 357
250
300
350
400
450
500
550
F M A M J J A S J N D J F
member state, has been reviewing.
The extension is expected to last
until 2026.
The development came after trades
unions expressed concern for the
future of UK steelmaking when British
Steel announced it will shut its coking
ovens in Scunthorpe and cut up to
260 jobs.
SALZGITTER BUYS FAMILY
RECYCLER
German steelmaker Salzgitter has
taken over Must-Metalle-Container-
Recycling, which specialises in recov-
ering scrap materials and metals from
its Goslar base in the Harz region.
scrap recycling activities,’ it says.
‘This acquisition represents a further
development in circularity in the
immediate vicinity of the steel-mak-
ing location of Salzgitter, and will
facilitate the use of high-quality sec-
ondary raw materials in the produc-
tion of steel.’
The Must company will operate as
an independent undertaking within
the Salzgitter group and trade as
Harzer Schrott und Recycling (Harz
Scrap and Recycling).
STEEL STATS
Total world production of crude steel
in 2022 was 1 878.5 million tonnes
MARKET ANALYSIS
68
The purchase price is not being
revealed.
Must was founded in 1909 as an own-
er-managed family business and
operates a container supply and
scrapping business, dealing predomi-
nantly with companies in the metals
processing sector. It also has a down-
stream sorting and processing opera-
tion to supply quality grades of scrap.
Salzgitter says it is part of its ‘circular’
strategy for greener steel. ‘As part
of the Salcos low CO2 steelmaking
programme that is pioneering the
transition to virtually CO2-free steel
production, the Salzgitter Group
intends to significantly expand its
STEEL RECYCLER TOPS GLOBAL
SUSTAINABILITY LIST
Luxembourg steelmaker Tenaris is coordinating a collective
industry effort to demonstrate the sustainability of new tech-
nologies to recover steelmaking residues. The project, the
Recovering Metals and Mineral Fraction, known as the
ReMFra, aims to promote practices to increase the circularity
and sustainability of the EU steel industry.
A consortium has been created from industry and academia,
including Tenova, RINA-CSM, K1-MET, Voestalpine,
Thyssenkrupp and Tata Steel. The project will last for three-
and-a-half years and will develop and validate two pyromet-
allurgic melting and reduction demonstration plants at indus-
trial scale to recover metals and minerals fraction from a
wide range of steelmaking residues.
The partners will work to develop two main technologies:
plasma reactor and RecoDust. The first recovers residues
containing high percentages of iron oxide (scale, sludge,
slag) with the aim of producing pig iron by using recycled
plastic waste as a reducing agent. The second focuses on
recovering zinc from dusts derived from basic oxygen fur-
nace fume abatement through its reduction into a gas
stream containing hydrogen.
‘This kind of initiative, where there is a keen awareness of a
circular economy in the steel sector, is especially important
today,’ says Fabio Praolini, environment regional director at
Tenaris. ‘This experience will certainly be useful for reducing
the consumption of non-renewable resources and therefore
Europe’s reliance on foreign supplies.’
66-67-68-69_maferrous.indd 68 15-03-2023 11:49
