Europe's transition towards electric steel production with the launch of 20 new electric arc furnaces (EAF) will increase steel production capacity by up to 44 million tons by 2030 and will significantly increase the demand for metal scraps, especially high-quality materials.
Increase in Steel Production Capacity
According to reports, these furnaces are expected to be operational from 2026 to 2030. These changes in the European steel industry are part of the continent's efforts to reduce carbon emissions and increase energy efficiency in production processes. With the addition of these furnaces, the overall steel production capacity in Europe will increase by 34 to 44 million tons, which will directly impact the demand for metal scraps.
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Need for High-Quality Metal Scraps
Along with the increase in production, the demand for high-quality metal scraps will also significantly rise. This demand is particularly evident among electric steel producers who are seeking quality raw materials for their processes. In 2025, it is expected that the demand for this type of scrap will peak as more producers turn to electric arc furnaces.
As a result, these developments will not only benefit steel producers but could also help improve the lifecycle of materials and reduce industrial waste. Thus, the European steel industry will be on the path to joining more sustainable and efficient global standards.
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