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Title: Europe Steel Recycling Market Set for Major Growth Through 2033

Pune, Maharashtra, India, 26th Feb 2026 - The European Steel Recycling Market is entering a significant growth phase as the region's steel industry experiences one of its most substantial structural changes in decades. According to Mark and Spark, the market consumed 84 million metric tons in 2024 and is projected to rise to 121.5 million metric tons by 2033, reflecting a compound annual growth rate (CAGR) of 4.4%. This increase is driven by investments in electric arc furnace (EAF) capacity, the adoption of direct reduced iron (DRI), and a growing emphasis on sustainable, low-carbon steel production. Access the full report here:https://marksparksolutions.com/reports/europe-steel-recycling-marketStructural Transformation and DecarbonizationEurope’s leading steel producers have invested over €30 billion to retire outdated blast furnaces and replace them with scrap-intensive Electric Arc Furnace (EAF) and Direct Reduced Iron (DRI) systems. This transition is not just a small adjustment; it represents a complete redesign of steel manufacturing processes, focusing on reducing carbon emissions and increasing the use of recycled materials.EAFs primarily rely on ferrous scrap as their main feedstock, ensuring a steady demand for steel recycling. DRI units also use scrap to optimize metallic charge mixes, further strengthening the use of recycled steel. The growth of “green steel” initiatives in the automotive, construction, and appliance industries is increasingly positioning recycled content as a crucial market differentiator.Advanced Recycling Technologies and Supply Chain ModernizationAs demand for higher-quality scrap increases, recyclers are investing in advanced sorting, shredding, and pre-treatment technologies to comply with stricter requirements for chemical comp...

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