Economy
March 28, 2017
Global Scrap Trade through Q4 2016
Written by Peter Wright
This is only our second ever write up of global scrap trade. In future we will report quarterly because we believe that to understand the gyrations of the domestic scrap market we should be aware of 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 tonnage of global trade since Q1 2000 and the volume of the top five suppliers. These five are the US, Japan, the EU, the UK and Russia and they accounted for 67.5 percent of the total in Q4 2016.
