SynopsisEuropean recyclers umbrella organisation EuRic has expressed concerns over recent amendments to a European Parliament report on critical raw materials (CRMs). While the original version of the report was satisfactory, recent changes, including the inclusion of ferrous scrap in a secondary list of strategic raw materials, have raised questions. EuRic contends that there is no supply risk for steel, and the inclusion of ferrous scrap may hinder scrap merchants from exporting to overseas markets.ArticleThe European recyclers umbrella organisation, EuRic, has voiced its concerns regarding recent amendments made to a European Parliament report on critical raw materials (CRMs). Initially, the organization was satisfied with the original version of the report, particularly the lists of strategic and critical raw materials that did not include materials such as ferrous scrap or aluminium.However, amendments introduced later in the month have raised alarm within EuRic. The last-minute endorsement for the formation of a secondary list of strategic raw materials (SRMs), with ferrous scrap being mentioned as an example, has sparked apprehension. EuRic's latest statement expresses concern over the inclusion of ferrous scrap without sufficient data, setting a potentially troublesome precedent for adding materials to the list without clear conditions or assessment methodologies.According to EuRic, extensive and consistent data collected over the years indicates that there are no supply risk issues related to steel. Steel is abundant, allowing Europe's recycling industry to not only meet but exceed steel demand. EuRic and its members are apprehensive that the inclusion of ferrous scrap might hinder EU scrap merchants from exporting scrap to international markets.EuRic calls on the European Parliament to promote the environmental benefits of using recycled steel scrap in steelmaking and advocate for electric arc furnace technology in Europe. However, this ambition presents a contradiction, as increasing EAF production would necessitate more scrap feed, potentially justifying export restrictions.ConclusionEuRic's concerns regarding recent amendments to the European Parliament's report on critical raw materials highlight the importance of a well-informed and data-driven approach to material inclusion. The potential consequences of including ferrous scrap without adequate data and assessment methodologies could impact the recycling industry and international scrap trade. Balancing environmental goals with economic considerations remains a challenge in the context of critical raw materials.
SynopsisEuropean recyclers umbrella organisation EuRic has expressed concerns over recent amendments to a European Parliament report on critical raw materials (CRMs). While the original version of the report was satisfactory, recent changes, including the inclusion of ferrous scrap in a secondary list of strategic raw materials, have raised questions. EuRic contends that there is no supply risk for steel, and the inclusion of ferrous scrap may hinder scrap merchants from exporting to overseas markets.ArticleThe European recyclers umbrella organisation, EuRic, has voiced its concerns regarding recent amendments made to a European Parliament report on critical raw materials (CRMs). Initially, the organization was satisfied with the original version of the report, particularly the lists of strategic and critical raw materials that did not include materials such as ferrous scrap or aluminium.However, amendments introduced later in the month have raised alarm within EuRic. The last-minute endorsement for the formation of a secondary list of strategic raw materials (SRMs), with ferrous scrap being mentioned as an example, has sparked apprehension. EuRic's latest statement expresses concern over the inclusion of ferrous scrap without sufficient data, setting a potentially troublesome precedent for adding materials to the list without clear conditions or assessment methodologies.According to EuRic, extensive and consistent data collected over the years indicates that there are no supply risk issues related to steel. Steel is abundant, allowing Europe's recycling industry to not only meet but exceed steel demand. EuRic and its members are apprehensive that the inclusion of ferrous scrap might hinder EU scrap merchants from exporting scrap to international markets.EuRic calls on the European Parliament to promote the environmental benefits of using recycled steel scrap in steelmaking and advocate for electric arc furnace technology in Europe. However, this ambition presents a contradiction, as increasing EAF production would necessitate more scrap feed, potentially justifying export restrictions.ConclusionEuRic's concerns regarding recent amendments to the European Parliament's report on critical raw materials highlight the importance of a well-informed and data-driven approach to material inclusion. The potential consequences of including ferrous scrap without adequate data and assessment methodologies could impact the recycling industry and international scrap trade. Balancing environmental goals with economic considerations remains a challenge in the context of critical raw materials.
