Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 85

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 85
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 furnaces and basic oxygen furnaces, blending it with iron ore to produce new steel products. Non -ferroussmelters and refineries process aluminum, copper, zinc, and lead scrap through re -meltingand electrolytic refining to achieve desired purity levels. Foundries and specialty alloy producers consume both ferrous and non -ferrousscrap to manufacture cast products and engineered materials. 58 Market Size Japan’s domestic metal scrap purchase volume refers to the total tonnage of iron and steel scrap that downstream players i.e. secondary smelters, refineries, and end -usemanufacturers buy within the country each year, excluding exports scrap. It represents the total potential handling volume of metal trading and processing companies serving domestic demands. Japan’s domestic ferrous scrap purchase volume demonstrated relative stability from 2019 to 2024, declining modestly from 22,336 thousand metric tons to 20,983 thousand metric tons. The reduction over the five -yearperiod reflects a measured adjustment rather than 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