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 2.6% in the five years through 2012-13. Upstream activities in the industry have been adversely affected by poor demand conditions. Consumers are keeping their purse strings tight, staying away from unnecessary purchases. As a result, demand for manufacturing industries has gone down, lowering the supply of scrap metal generated from manufacturing activities. A low consumption level has also meant a low waste volume, leading to a low supply of scrap metals.
Poor macroeconomic conditions have been detrimental to the industry's downstream markets, hindering growth in demand for industry products... purchase to read more
Industry Report - Industry Locations Chapter
The distribution of businesses across the country follows closely to that of the distribution of population. As the two most populated states in Australia, New South Wales and Victoria have the largest numbers of businesses at 26.7% and 31.7% respectively. Operators tend to be concentrated close to densely populated areas due to several reasons. The industry services the construction sector. The activities of this sector tend to revolve around densely populated areas. By having operations close to construction firms, industry operators are able to generate cost savings from cheaper transportation cost. The concentration of automotive manufacturers, a key user of cast ferrous metals, in Victoria encourages firms to engage their operations in the state... purchase to read more