EU's need to raise steel output requires millions of tons of extra scrap: think tank

The EU must boost crude steel production 12%-13% by 2027 to counter falling imports triggered by steel safeguards and the Carbon Border Adjustment Mechanism, but meeting this target and rolling out new electric arc furnaces will require an additional 8 million-11 million metric tons of steel scrap later this decade, Stanislav Zinchenko, CEO of Kyiv-based ...