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Ship recycling emerges as a strategic source of scrap steel for Europe

Ship recycling potential in Europe, showing EU-flagged and non-EU-flagged vessels by ship type.

Europe’s ship recycling potential is set to rise sharply as EU-owned vessels reach end-of-life in the mid-2030s, creating a significant stream of high-quality scrap steel for green steelmaking. The report shows that this material could meet up to 20% of EU scrap demand, strengthening circularity and reducing reliance on imports. However, persistent out-flagging and the use of non-approved yards continue […]

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