What is the Scrap Metal Recycling industry?
Operators in the Scrap Metal Recycling industry have faced difficult conditions over the past five years. Falls in scrap metal prices, lower output volumes from industry players (particularly with Arrium Limited entering administration in April 2016), and declines or low growth in many downstream markets have had a negative effect on the industry. As a result, industry revenue is expected to decline by an annualised 13.1% over the five years through 2016-17, to total $1.5 billion. Although the world price of steel and the base metal price index are expected to increase in 2016-17, revenue is projected to decline by 10.9%. This is largely due to lower volumes and Arrium Limited entering administration due to high debts associated with the expansion of its iron ore mining operations... purchase to read more