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Share of scrap in global crude steel production set to rise to around 35% by 2030

Source: BigMint Jul 28, 2026 10:00
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Steel Scrap Global
Share of scrap in global crude steel production rose to 33% in H1CY'26. Decline in China production impacts pig iron ratio, set to decline further. DRI share in H1 impacted by Iran crisis, set to recover on investment push
The usage of scrap in global steel production is growing at an unmistakable pace and, although over the last few years growth has been static, the long term trend is quite evident. BigMint data show that the share of scrap in global crude steel production peaked in January-June 2026

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