Ferrous scrap not a critical raw material in the EU after all?17 March 2023 – The European Commission presented its revised Critical Raw Materials Regulation on Thursday. At first glance, ferrous scrap does not appear to have made it onto the list – a setback for the EU steelmakers’ demand. Scrap markets trend higher due to tight availability in March 2023. And markets show positive after ECB interest rate decision. More rating agency raises metals and mining outlook. Source