Industry Analysis & Industry Trends
The Scrap Metal Recycling industry has faced a tumultuous past five years. Industry revenue has taken a beating, contracting at an annualised 6.8% in the five years through 2014-15. Upstream activities in the industry have been adversely affected by poor demand conditions. While consumers are keeping their purse strings tight and staying away from unnecessary purchases, manufacturing output has declined. This has lowered the supply of scrap metal generated from manufacturing activities. Lower consumption levels have also contributed to reduced waste volumes, leading to low growth in scrap metal supplies.
Low steel and scrap metal prices have contributed to large price declines and industry revenue falls in the past five years... 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 metals are estimated to account for 77.3% of industry revenue in 2014-15, up from 76.9% in 2009-10, with the majority being comprised of steel scrap... purchase to read more