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Scrap Metal Recycling in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Scrap Metal Recycling Market Research Report | Industrial Machinery, Gas & Chemicals | Fabricated Metal Product Manufacturing | Jul 2014

Scraping through: Industry revenue recovers due to higher prices

IBISWorld’s Scrap Metal Recycling market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Arrium Limited Arrium Limited market share
Sims Metal Management Sims Metal Management market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 10-15
-6.8%
Annual Growth 15-20
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Profit
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Employment
3,398
Businesses
121
Industry Analysis & Industry Trends

The Scrap Metal Recycling industry has faced a tumultuous past five years. Industry revenue has taken a beating, contracting at an annualised 6.8% in the five years through 2014-15. Upstream activities in the industry have been adversely affected by poor demand conditions. While consumers are keeping their purse strings tight and staying away from unnecessary purchases, manufacturing output has declined. This has lowered the supply of scrap metal generated from manufacturing activities. Lower consumption levels have also contributed to reduced waste volumes, leading to low growth in scrap metal supplies.

Low steel and scrap metal prices have contributed to large price declines and industry revenue falls in the past five years... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Scrap Metal Recycling industry is currently in the decline stage of its life cycle. While industry volumes have increased in the past five years, lower steel and scrap metal prices have resulted in large industry revenue declines. The industry has been growing slower than the overall economy and consolidation activities are becoming more apparent. While some scrap metal recycling firms have downsized their operations in favour of efficiency and productivity rather than scale, others have become more vertically integrated in an attempt to ensure supply and reduce transport costs.

In the ten years through 2019-20, IBISWorld estimates industry value added to contract at an annualised rate of 0.3%. This is in contrast to estimated GDP growth during the same period of 2.9%... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Scrap Metal Recycling Industry?

Firms in this industry are engaged in the secondary recovery of recycled scrap metal. Recovery involves the manufacture of scrap metal into new usable material. Commonly recycled metals include steel, copper, aluminium, zinc, lead, nickel and titanium.

Industry Products
Ferrous metal recycling servicesNon-ferrous metal recycling servicesPrecious and other metal recycling
 
Industry Activities
Ferrous metals recyclingNon-ferrous metals recyclingPrecious metals recyclingFerrous metals recyclingNon-ferrous metals recyclingPrecious metals recycling


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