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 Products Chapter
The industry carries out three main functions: ferrous scrap metal recycling, non-ferrous scrap metal recycling, and precious and other metal recycling.
Ferrous scrap metal recycling
Ferrous metals, such as steel, include iron and carbon, and are highly recyclable. Given the extensive use of steel in many products, ferrous metals account for the dominant share of industry revenue. Steel is the one of the world's most recycled materials, thereby making its lifecycle potentially continuous. Ferrous scrap metal recycling is mainly made up of steel scrap. Approximately two-thirds of steel available for recycling is used in the production of new steel, making scrap metal recyclers invaluable to the generation of new metal products... purchase to read more