The Scrap Metal Recycling industry has exhibited high volatility over the past five years. Since the industry is highly susceptible to swings in global commodity prices, industry revenue spiked when steel, aluminum and copper prices rose after the downturn. However, revenue declined when metal prices began to plummet, pulled down by oversupply and weakening demand. Moving forward, a less tumultuous period is expected for the industry over the next five years as the global metals market begins to rebound. The world price of steel is expected to pick up, and the increasing price of nonferrous metals will also benefit the industry.
Operators in this industry are engaged in the collection, processing and recycling of ferrous metals, such as iron and steel, and nonferrous metals, such as aluminum, copper and nickel. The typical recycling process involves sorting, shearing, shredding, torching and baling scrap metal to be sold to downstream metal smelters for further processing.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.