Industry Analysis & Industry Trends
The Scrap Metal Recycling industry has been through a tumultuous past five years. Industry revenue is expected to contract by an annualised 4.3% over the five years through 2014-15. Upstream activities have been affected by mixed demand, with demand from manufacturing declining and construction demand growing. This has lowered the supply of scrap metal generated from manufacturing activities. Lower manufacturing levels have also contributed to reduced waste volumes, leading to low growth in scrap metal supplies.
Slight declines in metal prices and reduced output have contributed to industry revenue falls in the past five years. Furthermore, variable economic conditions have been detrimental to the industry's downstream markets, hindering growth in demand for industry products... purchase to read more
Industry Report - Industry Analysis Chapter
The Scrap Metal Recycling industry has faced difficult conditions over the past five years. Industry revenue has fallen from $3.0 billion in 2009-10 to an estimated $2.4 billion in 2014-15, which represents an annualised contraction of 4.3%. This can be attributed to falls in scrap metal prices over these years, lower output volumes from industry players and low growth or declines in many downstream markets. However, increased prices and volumes in 2014-15 are expected to result in industry revenue increasing by 4.6% for the year.
Price and profit volatility
The metal market has been highly volatile over the past five years, which has contributed to difficult operating conditions for the industry... purchase to read more