Ecomondo 2024 highlighted the increasing significance of scrap in the global recycled raw materials market during its convention in Rimini, Italy. Stefano Ferrari, chief research officer at siderweb, noted that geopolitical tensions and technological advancements are reshaping demand and supply trends. The Boston Consulting Group forecasts a 3.3% rise in scrap demand from 2021 to 2030, with the EU's surplus decreasing from 15 million to 10 million metric tons. Industry players must adapt by improving scrap collection and purification methods to meet future challenges in recycling and decarbonization efforts.