Global scrap volumes, values made 2011 a record year, says ISRI

Global scrap metal exports were valued at $124.8 billion in 2011, marking a “banner year for global scrap demand”, the Institute of Scrap Recycling Industries (ISRI) said in a report.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

Global ferrous scrap exports totaled 106.7 million tonnes for the year, valued at $53.9 billion, figures compiled by ISRI from the United Nations Comtrade Database show.

Aluminium scrap exports totalled 7.5 million tonnes globally and were valued at $13.2 billion, while copper scrap exports totalled 5.6 million tonnes and carried a value of $25.5 billion, ISRI said in its 2012 scrap yearbook.

Global nickel scrap exports totaled 131,000 tonnes with a value of $751 million, while zinc scrap exports totaled 373,000 tonnes with a value of $644 million.
Lead scrap exports totaled 272,000 tonnes globally with a value of $417 million, according to the report.

The total value of global scrap exports in 2011—including paper, glass, plastic, rubber and textile scrap—was $145.2 billion.

“I would say that 2011 was a banner year for global scrap demand. For all recycled commodities, figures from the UN database show that exports increased by 4%, or by 9 million tonnes, to more than 200 million tonnes in 2011,” ISRI director of commodities Joe Pickard said.

“Given the rise in commodity prices in 2011, global scrap exports increased even more by value last year, climbing 24% higher year on year.”

What to read next
Chinese mining giant CMOC reported a 178% year-on-year increase in cobalt metal production for the first six months of 2024, according to an announcement by the company on Friday July 12
Aluminum scrap generation in Europe is expected to decrease in the current quarter due to lower demand from downstream metal producers amid the domestic seasonal summer slowdown, according to the latest market overview from the Bureau of International Recycling (BIR)
The US government will impose tariffs on steel and aluminium shipped from Mexico that were made elsewhere, in a bid to curb trans-shipment and excess production, the White House said in a statement on Wednesday July 10, a move widely applauded by the pair of metals industries
Norway-based aluminium producer Hydro and German car manufacturer Porsche signed a long-term agreement on Tuesday July 9 for supply of low-carbon aluminium to further decarbonize the supply chain of Porsche’s sports cars. The agreement follows the letter of intent signed in April
The Indonesian government is looking to ease its export ban on bauxite, sources familiar with the matter have told Fastmarkets
Price and supply were the major topics of conversation for market participants across the value chain attending Fastmarkets’ flagship Lithium Supply and Battery Raw Materials conference in Las Vegas on June 24-27