EU27, Turkey ferrous scrap consumption grew at faster clip than steel output in 2011: BIR
May 01, 2012 | 05:37 AM
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Consumption of ferrous scrap in Europe and Turkey in 2011 grew at a higher rate than their respective outputs of crude steel, according to statistics from the Bureau of International Recycling (BIR).
The 27 countries making up the European Union consumed 100.8 million tonnes of scrap in 2011, up by 4.5% from 2010’s 96.5 million tonnes.
Scrap consumption showed a larger percentage increase than crude steel output, which in 2011 reached 177.2 million tonnes, up by 2.7% from the 172.6 million tonnes, according to the BIR.
Output and consumption in Turkey followed similar trends, the BIR said. ....
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