Industry Analysis & Industry Trends
The Scrap Metal Recycling industry has been through a tumultuous period over the past five years. Industry revenue is expected to contract by an annualised 5.7% over this time. Upstream activities have been affected by mixed demand, with manufacturing output declining and construction output growing. Overall, this has lowered the amount of scrap metal generated from domestic activities, which has reduced scrap metal volumes for the industry to process.
Declines in metal prices and reduced output have contributed to industry revenue falls in the past five years. Furthermore, lower domestic manufacturing levels have been detrimental to the industry's downstream markets, hindering demand growth for industry services... purchase to read more
Industry Report - Industry Locations Chapter
The distribution of scrap metal recycling revenue and businesses across the country generally follows the population distribution. As the two most populated states in Australia, New South Wales and Victoria have the largest numbers of businesses and account for the highest revenue levels. In addition to high export levels, the industry services the construction and manufacturing sectors. The concentration of automotive manufacturers, a key user of cast ferrous metals, in Victoria encourages firms to engage their operations in the state. By having operations close to construction and manufacturing firms, industry operators are able to generate cost savings from cheaper transportation cost. Therefore, industry activity tends to be based near densely populated areas... purchase to read more