Economy
December 23, 2016
Global Scrap Trade through Q3 2016
Written by Peter Wright
This is our first ever write up of global scrap trade. We believe that to understand the gyrations of the domestic scrap market we should study where the US stands as a global player. This data is not very current because some nations are slow to report but we still believe it gives a valuable perspective of global trends and is the foundation of where we are today. In this analysis we have excluded scrap that was traded within the EU from the global total. Figure 1 shows the total volume of ferrous scrap traded between nations since Q1 2000 and that the first quarter of 2016 was the lowest since Q1 2006 then bounced back in Q2 of this year to 17.8 million tonnes.
