Metal recycling is the use of scrap metals to build brand new metallic products. Metal production costs reduce drastically if scrap metal is recycled. As a result, the share of scrap metal in steel production has steadily increased to become almost equal to the metal from ore. As a consequence, scrap metals are now more in demand than they ever were in the past.
This report has broadly categorized scrap metals into ferrous and non-ferrous metals. Ferrous metals are further segmented into steel and iron. While non-ferrous metals comprise a vast array of metals, they have been classified into aluminum, copper, brass, lead and zinc, with the remaining metals clubbed into the others section. Recycled metal practically has the same opportunities as metal from ore. Metal recycling market has hence been classified on the basis of the same end user industries which govern the overall metal market. The most prominent industries making use of metal recycling market are construction, shipbuilding, automotive, consumer appliances and equipment manufacturers. Smaller industries have been addressed in the others section.
The market has also been analyzed to present a view of the market revenue and trends in accordance with the geography. APAC is the largest market revenue holder with almost one-third of the global revenue in its control, with China at helm. Americas is a close second with U.S. in the lead. Europe is third with the largest market revenue share in control of Germany. RoW is trailing in this list.
Some of the metal recycling giants in metal recycling market include:
- Sims Metal Management Ltd. (Australia)
- Tata Steel Ltd. (India)
- Aurubis AG (Germany)
- Schnitzer Steel Industries, Inc. (The U.S.)
- China Metal Recycling (Holdings) Ltd. (China).
The market is fairly consolidated and is reined by a handful of companies.
Other key players include:
- SA Recycling LLC (The U.S.)
- Omnisource Corporation (The U.S.)
- Armco Metals Holdings, Inc. (The U.S.)
- Kuusakoski Oy (Japan)
- European Metal Recycling Ltd. (UK)
- Commercial Metals Company (The U.S.)