Heavy metal: A decrease in volatile metal prices will lead to industry revenue growth

IBISWorld’s industry research report on Scrap Metal Recycling provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.


Industry Threats & Opportunities

  • Low metal prices are the result of weaker demand and an oversupply in world markets
  • Global macroeconomic trends have a large impact on industry revenue
  • The world price of steel is expected to pick up and benefit industry operators

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Locations Chapter

    Industry operators position themselves close to clients to reduce transportation costs and lead time. Consequently, scrap metal recycling plants tend to be located in manufacturing regions, as well as highly populated urban areas to collect obsolete scrap. Manufacturing facilities not only supply industry operators with scrap but also demand recycled ferrous and nonferrous metals from industry operators. Along with increasing affluence and changes in consumption patterns, urban regions generate more per capita waste. For instance, major company Sims Metal Management operates several metal recycling facilities within 50 miles of New York City. Ind..

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    Additional Insights for the Scrap Metal Recycling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Scrap Metal Recycling Industry are

  • Ability to negotiate successfully with regulator
  • Economies of scale
  • Having a diverse range of clients
  • IBISWorld analysts also discuss how external factors such as World price of steel and Price of nonferrous metals in the Scrap Metal Recycling industry impact industry performance..

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    Industry Products

    What is the Scrap Metal Recycling 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.

    Industry Products
    Iron and steel scrap recycling
    Aluminum scrap recycling
    Copper scrap recycling
    Other non-ferrous metals scrap recycling
    Lead scrap recycling
    Industry Activities
    Recycling steel and iron scrap
    Recycling copper scrap
    Recycling aluminum scrap
    Recycling lead scrap
    Recycling other nonferrous scrap metals

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of steel
  • Price of nonferrous metals
  • Trade-weighted index
  • GDP of mainland China

  • Current Performance
  • The importance of scrap metal
  • Global commodity prices
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Key markets
  • Price improvements
  • Table: Scrap Metal Recycling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Scrap Metal Recycling Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Iron & Steel Manufacturing
  • Metal Pipe & Tube Manufacturing
  • Aluminum Manufacturing
  • Nonferrous Metal Refining
  • Nonferrous Metal Rolling & Alloying
  • Ferrous Metal Foundry Products
  • Nonferrous Metal Foundry Products Manufacturing
  • Wire & Spring Manufacturing
  • Recyclable Material Wholesaling

  • Key Selling Industries
  • Aircraft, Engine & Parts Manufacturing
  • Boat Building
  • Construction Machinery Manufacturing
  • Consumers
  • Ship Building
  • Space Vehicle & Missile Manufacturing
  • Tractors & Agricultural Machinery Manufacturing
  • Train, Subway & Transit Car Manufacturing
  • Wired Telecommunications Carriers

  • Products & Services
  • Iron and steel scrap recycling
  • Aluminum scrap recycling
  • Lead scrap recycling
  • Other non-ferrous metals scrap recycling
  • Copper scrap recycling
  • Chart: Scrap Metal Recycling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturing industries
  • Construction industries
  • Export markets
  • Chart: Major Market Segmentation for the Scrap Metal Recycling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Scrap Metal Recycling

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Scrap Metal Recycling Industry

  • Industry Globalization
    Major Companies
    Sims Metal Management
  • Table: Sims Metal Management - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Scrap Metal Recycling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Scrap Metal Recycling Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • World price of steel (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Ferrous Metal
  • Any metal containing iron. Common ferrous metals include steel, carbon steel, stainless steel, cast iron, and wrought iron and are primarily used for their tensile strength and durability.
  • Nonferrous Metal
  • Any metal that does not contain iron in appreciable amounts, including aluminum, copper, lead, nickel, tin, titanium and zinc.
  • Smelt
  • A process to produce a metal from its ore by using heat and a chemical reducing agent.
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    This report on Scrap Metal Recycling:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Scrap Metal Recycling market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Scrap Metal Recycling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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