Industry Analysis & Industry Trends
The industry will continue to surge forward, driven by strong demand from metal manufacturers that will increasingly use scrap metal as part of the production process, stimulating revenue growth. Furthermore, emerging economies will also continue demanding scrap metal to meet demand for steel in their markets, ultimately resulting in heightened scrap metal prices... purchase to read more
Industry Report - Industry Products Chapter
Metal scrap makes up 77.5% of the Recyclable Material Wholesaling industry. Metal scrap can be separated into two categories, based on iron content. Ferrous metal has iron while nonferrous metal does not.
Ferrous scrap makes up about 42.3% of this industry's product by value. These products consist of iron, low- and medium-alloy steel and stainless steel scrap. Scrap iron and steel account for the largest volume of scrap metal. There is considerable price volatility between different recycled materials. This factor means that the percentage of industry revenue attributable to each type of material changes from month to month. Ferrous scrap increased over the past five years as emerging economies demanded this material for steel production... purchase to read more