Is the EU turning from scrap exporter to scrap importer?11 May 2023 – The European Union could go from being an exporter to an importer of steel scrap in less than 5 years. And as steel production around the world increasingly switches to electric arc furnaces, a race is on for the coveted raw material. US inflation data surprisingly low – lowest since 2021. And demand for consumer credit in Germany up by double digits. Source