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 Analysis Chapter
The Scrap Metal Recycling industry has faced difficult conditions over the past five years, with revenue declining by 5.7% annualised. This can be attributed to falls in scrap metal prices over these years, lower output volumes from industry players, and declines or low growth in many downstream markets. However, increased prices and volumes are projected in 2015-16, contributing to industry revenue growth of 8.4% for the year to $2.5 billion.
Price and profit volatility
The metal market has been highly volatile over the past five years, which has contributed to the industry’s difficult operating conditions. With the industry’s high export levels, the world price of steel and scrap metal has heavily influenced industry performance... purchase to read more