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 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 10 years through 2019-20, IBISWorld estimates industry value added to contract at a compound annual rate of 0.3%. This is in contrast to estimated GDP growth during the same period of 2.7%... purchase to read more