Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 88

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 88
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 a dramatic shift, with the market maintaining a robust base volume above 20 million tons annually. The gradual nature of this change suggests a mature and well -functioningscrap collection and processing system that has adapted to evolving market conditions, including the post -pandemiceconomic adjustments and shifts in manufacturing patterns. Domestic aluminum scrap purchases followed a similar trend, easing from 1,766.9 thousand metric tons in 2019 to 1,667.1 thousand metric tons in 2024. When ferrous and non -ferrousstreams are combined, total domestic scrap purchases moved from 25,960 thousand metric tons to 24,510 thousand metric tons over the same period, a decline of roughly 6%. Despite global supply chain disruptions and economic uncertainties during this period, Japan’s ferrous scrap market showed resilience by sustaining substantial purchase volumes, continuing to support the nation’s steel industry with a steady supply of secondary raw materials. The maintained high volume of domestic scrap purchases underscores the ongoing strength of Japan’s circular -economyinfrastructure and the metals sector’s continued reliance on recycled inputs for production. Looking ahead, Japan’s domestic metal scrap purchase volume is projected to edge up to around 24,900 to 25,100 thousand metric tons in 2025 to 2026 as three new electric -arcfurnaces come on -lineand automobile production normalizes. The volumes are expected to hover around 24 to 25 million metric tons through 2029, indicating that Japan’s scrap ecosystem will preserve its critical role in supplying low -carbonraw materials. Source: The Frost & Sullivan Report Market Drivers and Trends Analysis Decarbonization Policy Catalyzes Scrap Demand:Japan has pledged to achieve carbon neutrality by 2050 and to cut national greenhouse -gasemissions, with such policy agenda, branded the Green Transformation (“GX”), positions higher scrap utilization as a primary lever for decarbonizing domestic metals production as secondary metals emit less carbon dioxide than ore -basedroutes. Recent policy packages ask companies to quantify “Scope 3” emissions, which refers to those generated across the value chain rather than inside their own facilities, to set recycled -content 60 goals and prepare for a forthcoming carbon -pricingmechanism that will attach a monetary cost to residual emissions. In response, large ferrous and non -ferrousproducers are directing capital toward scrap -intensiveprocesses such as electric -arcfurnaces and are raising their internal scrap -utilizationratios. These developments strengthen demand for high -qualitysc