Steel Scrap
Steel scrap is recycled ferrous material sourced from demolished structures, end-of-life vehicles, and industrial off-cuts. It is the primary feedstock for electric arc furnaces (EAFs), which produce roughly 30% of global steel. HMS 1&2 and shredded scrap are the most traded grades internationally.
HMS 1HMS 1&2 (80:20)ShreddedBushelingFOBCFRCIF
Quick Facts
Steel Scrap at a Glance
Common Origins
United StatesEuropean UnionJapanUnited KingdomAustralia
Common Destinations
TurkeyIndiaBangladeshVietnamIndonesia
Grades & Specifications
HMS 1HMS 1&2 (80:20)ShreddedBusheling
INCOTERMS
FOBCFRCIF
Unit of Measure
Metric Tons
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