UAE Bans Scrap Metal Exports Due to Scarcity amid COVID-19 Crisis

The scrap metal recycling market has not been exempted from the COVID-19 turmoil. Since the furlough scheme is evident in the U.K., many scrap yards have been shut down and are working at reduced capacities. The demand for scrap metal recycling has fallen since the coronavirus pandemic has caused disruptions in shipment of metals. The price of aluminum is underperforming, since nearly all the U.K. aluminum smelters have been closed.

Due to scarcity of scrap, some countries in the scrap metal recycling market such as the United Arab Emirates (UAE) and South Africa (SA) have imposed bans on the export of scrap metal. As such, some countries are becoming fully functional, which has reopened economies and led to the demand for metals including copper.

scrap metal recycling market segmentation

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Separation, Purification Costs of Recycling Scrap Copper to Hamper Market Growth

Copper is considered as a precious metal used in electrical components, owing to its ability to conduct electricity safely and efficiently. However, recyclers find it challenging to separate copper from scrap metal. Added purification costs for copper make it undesirable for recycling, since purified copper is necessary for maintaining the conductivity of the metal. Hence, companies in the scrap metal recycling market are establishing fixed sources for scrap copper to avoid additional purification and separation costs.

Apart from copper, iron and aluminum are largely recycled by companies in the scrap metal recycling market. Zato - an Italy-based specialist in scrap metal recycling is capitalizing on this opportunity to cost efficiently produce aluminum, which otherwise is a cost intensive process when done using extraction of the ore.

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Production of Steel from Iron Ore Necessary for Scrap Steel Supply

Steel is gaining prominence in the scrap metal recycling market due to its potential to meet the goal for a fully circular economy. ArcelorMittal S.A. - a Luxembourgish multinational steel manufacturing corporation is augmenting steel’s advantage of high recyclability to eliminate all unnecessary landfilling of residues. High cost of steel production as compared to the supplies of scrap available is grabbing the attention of manufacturers in the scrap metal recycling market.

Even as recycling activities are picking pace, recyclers are expecting that by the end of 2050, there might be a scarcity for scrap steel. Hence, the production of steel from iron ore sources needs continuation in order to create abundance for scrap steel in the upcoming decades.

Advanced Sorting Systems Enable High Throughput for Alloy Compositions

Intelligent sorting systems are benefitting stakeholders in the scrap metal recycling market. Chrysalix Venture Capital - an investor in the technologies for the energy sector has announced to invest in Sortera Alloy’s intelligent sorting system for the upcycling of non-ferrous scrap metal such as copper, zinc, aluminum, and brass. Recyclers are opting for sorting systems that enable accurate and high throughput for the sorting of metals and alloy composition through a combination of sensor fusion and AI/ML (artificial intelligence/machine learning) image processing.

Advanced scrap feeder designs are gaining prominence in intelligent sorting systems. Circularity of metals has become important in the scrap metal recycling market.

Demand for Non-ferrous Metals in India Automotive Manufacturing Boosts Market Growth

India holds lucrative revenue opportunities for companies in the scrap metal recycling market. India’s Ministry of Mines is working toward establishing a sustainable scrap recycling ecosystem with the adoption of cutting-edge technology and optimal processes. The region’s growing demand for metals has caught the attention of investors and other stakeholders in the scrap metal recycling market. The Indian Government’s Make in India initiative is aimed at boosting the manufacturing share of GDP by extending applications for non-ferrous metals in automotive, defense, and power industries.

Demand, production, and import of aluminum are gaining steady growth in India. Companies in the scrap metal recycling market are capitalizing on this opportunity, since recycling aluminum requires significantly less energy as compared to producing primary aluminum.

scrap metal recycling market infographic

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Analysts’ Viewpoint

Traders are likely to hold out the sale of expensive metals amid the ongoing COVID-19 outbreak, since the prices of metals have dropped significantly. Indian recyclers are realizing the social, environmental, economic, and employment generation potential of non-ferrous metals such as aluminum, copper, and zinc. However, heavy dependence of non-ferrous metals on the import of scrap metals is inhibiting market growth. Hence, recyclers in India should comply with the guidelines of the National Resource Efficiency Policy (NREP), which aims at resource efficiency and technological advancements across all sectors. Companies in the scrap metal recycling market should invest in intelligent sorting systems to boost the production capacities of alloy compositions.

Scrap Metal Recycling Market: Overview

  • According to Transparency Market Research’s latest research report on the global scrap metal recycling market for the historical period 2018–2019 and the forecast period 2020–2030, rising demand from the metal recycling industry is expected to boost the global scrap metal recycling market during the forecast period
  • In terms of revenue, the global scrap metal recycling market is estimated to exceed the value of US$ 516.4 Bn by 2030, expanding at a CAGR of ~6% during the forecast period

Technological Advancement in Scrap Metal Recycling Market: A Key Driver

  • The scrap metal recycling market is expected to improve with the advancement in recycling rates. Development of recycling facilities in developed and developing regions, better waste collection systems, and promotion of metal recycling by manufacturers and governments are likely to help in business growth, and create new business opportunities and increase employment in the scrap metal recycling market. The Canadian Association of Recycling Industries (CARI) states that the scrap metal recycling industry in Canada employs 160,000 people directly and indirectly. The usage of rare metals in various products and their shortage is also expected to boost the scrap metal recycling market.
  • Scrap metal recycling products are likely to be antiquated with the development of technology. Increasing industrialization & urbanization, rising disposable income, and awareness are projected to drive the scrap metal recycling market during the forecast period.

Quality Issues with Recycled Material – A Market Restraint

  • Aluminum, steel, and other metals need to be manually separated from other recyclable material such as plastic and paper. Metals, especially aluminum, tend to degrade after each reuse cycle, so products using recycled metals can vary in quality, but most metals never reach a point where they are no longer recyclable. Scrap metal recycling products still uses energy, albeit about 95 percent less than new production.
  • Some states and local governments now have laws that mandate the scrap metal recycling procedure of metals and other materials. Florida's Lee County requires the recycling of metals and other scrap in the hope of making future recycling cheaper. End users need to recheck government regulations and standards before using any materials.

Increasing Demand from Asia Pacific

  • Asia Pacific accounted for major share of the scrap metal recycling market in 2019. Increasing demand for scrap products coupled with easy government rules and regulations are major factors expected to boost the growth of the scrap metal recycling market.
  • Europe is the second largest scrap metal recycling market as a result of high consumer adoption rate. Largest consumer demand from automotive, and building & construction segments is observed in developed countries, including Germany, the U.K., France, and others.

Scrap Metal Recycling Market: Competition Landscape

  • Detailed profiles of providers of scrap metal recycling have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the scrap metal recycling market focus on product innovation and development. This factor is expected to create new opportunities in the scrap metal recycling market.
  • Key players operating in the global scrap metal recycling market are
    • ArcelorMittal
    • Aurubis AG
    • Kuusakoski Oy
    • Nucor Corporation
    • AIM Recyclage, Inc.
    • Sims Limited
    • Omnisource Corporation
    • Metallon Recycling Pte Ltd
    • DBW Metals Recycling
    • TKC Metal Recycling Inc.

Scrap Metal Recycling Market: Key Developments

  • In October 2020, ArcelorMittal and Triple M joined forces to form Integrated Metal Recycling Inc. This joint venture will combine many of the recycling activities of the two partners in Quebec. This venture is projected to improve revenue of the scrap metal recycling business.
  • In May 2020, Aurubis AG acquired the scrap metal recycling company Metallo. This acquisition was made to improve its metal scrap production capacity. It is also likely to help Aurubis AG increase its global market reach in the scrap metal recycling segment.
  • In December 2019, Nucor Corporation acquired TrueCore, LLC (TrueCore), an insulated metal panel manufacturing company with a facility in Laurens, South Carolina. TrueCore produces insulated metal panels, serving the cold storage market, with future plans for additional commercial and industrial applications. This acquisition will help the companies to improve overall production levels.

Scrap Metal Recycling Market – Scope of the Report

A new study on the global scrap metal recycling market has been published by Transparency Market Research (TMR). It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global scrap metal recycling market across the globe. TMR’s study offers valuable information about the global scrap metal recycling market to illustrate how the market would grow during the forecast period, 2020–2030.

Key indicators of market growth, which include value chain as well as supply chain analyses, and Compound Annual Growth Rate (CAGR), are elucidated in TMR’s study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global scrap metal recycling market during the forecast period.

An extensive analysis on business strategies of leading market players is also featured in TMR’s study on the global scrap metal recycling market. This can help readers understand principal factors to foresee growth in the global scrap metal recycling market. In this study, readers can also find specific data on the qualitative and quantitative growth avenues for the global scrap metal recycling market, which is expected to guide market players in making apt decisions in the future.

Key Questions Answered in TMR’s Scrap Metal Recycling Market Study

  • What are the key factors influencing the scrap metal recycling market in each region?
  • What will be the CAGR of the global scrap metal recycling market between 2018 and 2030?
  • What is the future scope and current trends in technologies of the global scrap metal recycling market?
  • What is the revenue of the global scrap metal recycling market based on segments?
  • Which key strategies are used by top players of the global scrap metal recycling market?
  • Which are the leading companies in the global scrap metal recycling market?

Research Methodology – Scrap Metal Recycling Market

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global scrap metal recycling market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary sources referred to by analysts during the production of the global scrap metal recycling market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the scrap metal recycling market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from scrap metal recycling industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global scrap metal recycling market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global scrap metal recycling market more reliable and accurate.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Scrap Metal Recycling Market – Segmentation

TMR’s study on the global scrap metal recycling market includes information categorized into four sections ? metal type, scrap type, industry, and region. Changing industry trends and other crucial market dynamics associated with these sections of the scrap metal recycling market are discussed in detail.

Metal Type
  • Ferrous Metals
    • Stainless Steel
    • Carbon Steel
    • Mild Steel
    • Cast Iron
    • Others
  • Non-ferrous Metals
    • Aluminum
    • Copper
    • Lead
    • Nickel
    • Zinc
    • Brass
    • Tin
    • Gold
    • Others
Scrap Type
  • New Scrap
  • Old Scrap
Industry
  • Building & Construction
  • Automotive
  • Industrial Manufacturing
  • Electricals
  • Shipbuilding
  • Consumer Electronics
  • Others
Region
  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Italy
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Section 1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

Section 2. Assumptions

Section 3. Research Methodology

Section 4. Executive Summary

Section 5. Market Overview

    5.1. Introduction

    5.2. Market Dynamics

        5.2.1. Drivers

        5.2.2. Restraints

        5.2.3. Opportunities

    5.3. Key Trends Analysis 

        5.3.1. Demand Side Analysis

        5.3.2. Supply Side Analysis

    5.4. Key Market Indicators

        5.4.1. Automotive Industry Overview

        5.4.2. Shipbuilding Industry Overview

    5.5. Regulatory Framework

    5.6. Porter’s Five Forces Analysis 

    5.7. Value Chain Analysis 

    5.8. Industry SWOT Analysis

    5.9. Global Scrap Metal Recycling Market Analysis and Forecast, 2018 - 2030

        5.9.1. Market Revenue Projections (US$ Mn)

        5.9.2. Market Volume Projections (Thousand Tons)

Section 6. Global Scrap Metal Recycling Market Analysis and Forecast, By Metal Type

    6.1. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Metal Type, 2018 - 2030

        6.1.1. Ferrous Metals

            6.1.1.1. Stainless Steel

            6.1.1.2. Carbon Steel

                6.1.1.2.1. Mild Steel

            6.1.1.3. Cast Iron

            6.1.1.4. Others

        6.1.2. Non-Ferrous Metals

            6.1.2.1. Aluminum

            6.1.2.2. Copper

            6.1.2.3. Lead

            6.1.2.4. Nickel

            6.1.2.5. Zinc

            6.1.2.6. Brass

            6.1.2.7. Tin

            6.1.2.8. Gold

            6.1.2.9. Others

    6.2. Incremental Opportunity, By Metal Type

Section 7. Global Scrap Metal Recycling Market Analysis and Forecast, By Scrap Type

    7.1. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Scrap Type, 2018 - 2030

        7.1.1. New Scrap

        7.1.2. Old Scrap 

    7.2. Incremental Opportunity, By Scrap Type

Section 8. Global Scrap Metal Recycling Market Analysis and Forecast, By Industry

    8.1. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Industry, 2018 - 2030

        8.1.1. Building & Construction 

        8.1.2. Automotive

        8.1.3. Industrial Manufacturing

        8.1.4. Electricals

        8.1.5. Shipbuilding

        8.1.6. Consumer Electronics

        8.1.7. Others

    8.2. Incremental Opportunity, By Industry

Section 9. North America Scrap Metal Recycling Market Analysis and Forecast 

    9.1. Regional Snapshot

    9.2. Key Trends Analysis 

        9.2.1. Demand Side Analysis

        9.2.2. Supply Side Analysis

    9.3. COVID 19 Impact Analysis

    9.4. Price Trend Analysis

        9.4.1. Weighted Average Selling Price

    9.5. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Metal Type, 2018 - 2030

        9.5.1. Ferrous Metals

            9.5.1.1. Stainless Steel

            9.5.1.2. Carbon Steel

                9.5.1.2.1. Mild Steel

            9.5.1.3. Cast Iron

            9.5.1.4. Others

        9.5.2. Non-Ferrous Metals

            9.5.2.1. Aluminum

            9.5.2.2. Copper

            9.5.2.3. Lead

            9.5.2.4. Nickel

            9.5.2.5. Zinc

            9.5.2.6. Brass

            9.5.2.7. Tin

            9.5.2.8. Gold

            9.5.2.9. Others

    9.6. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Scrap Type, 2018 - 2030

        9.6.1. New Scrap

        9.6.2. Old Scrap 

    9.7. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Industry, 2018 - 2030

        9.7.1. Building & Construction 

        9.7.2. Automotive

        9.7.3. Industrial Manufacturing

        9.7.4. Electricals

        9.7.5. Shipbuilding

        9.7.6. Consumer Electronics

        9.7.7. Others

    9.8. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Country & Sub-region, 2018 - 2030

        9.8.1. U.S.

        9.8.2. Canada

        9.8.3. Rest of North America

    9.9. Incremental Opportunity Analysis 

Section 10. Europe Scrap Metal Recycling Market Analysis and Forecast 

    10.1. Regional Snapshot

    10.2. Key Trends Analysis 

        10.2.1. Demand Side Analysis

        10.2.2. Supply Side Analysis

    10.3. COVID 19 Impact Analysis

    10.4. Price Trend Analysis

        10.4.1. Weighted Average Selling Price

    10.5. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Metal Type, 2018 - 2030

        10.5.1. Ferrous Metals

            10.5.1.1. Stainless Steel

            10.5.1.2. Carbon Steel

                10.5.1.2.1. Mild Steel

            10.5.1.3. Cast Iron

            10.5.1.4. Others

        10.5.2. Non-Ferrous Metals

            10.5.2.1. Aluminum

            10.5.2.2. Copper

            10.5.2.3. Lead

            10.5.2.4. Nickel

            10.5.2.5. Zinc

            10.5.2.6. Brass

            10.5.2.7. Tin

            10.5.2.8. Gold

            10.5.2.9. Others

    10.6. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Scrap Type, 2018 - 2030

        10.6.1. New Scrap

        10.6.2. Old Scrap 

    10.7. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Industry, 2018 - 2030

        10.7.1. Building & Construction 

        10.7.2. Automotive

        10.7.3. Industrial Manufacturing

        10.7.4. Electricals

        10.7.5. Shipbuilding

        10.7.6. Consumer Electronics

        10.7.7. Others

    10.8. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Country & Sub-region, 2018 - 2030

        10.8.1. Italy

        10.8.2. U.K.

        10.8.3. Germany 

        10.8.4. France

        10.8.5. Rest of Europe

    10.9. Incremental Opportunity Analysis 

Section 11. Asia Pacific Scrap Metal Recycling Market Analysis and Forecast 

    11.1. Regional Snapshot

    11.2. Key Trends Analysis 

        11.2.1. Demand Side Analysis

        11.2.2. Supply Side Analysis

    11.3. COVID 19 Impact Analysis

    11.4. Price Trend Analysis

        11.4.1. Weighted Average Selling Price

    11.5. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Metal Type, 2018 - 2030

        11.5.1. Ferrous Metals

            11.5.1.1. Stainless Steel

            11.5.1.2. Carbon Steel

                11.5.1.2.1. Mild Steel

            11.5.1.3. Cast Iron

            11.5.1.4. Others

        11.5.2. Non-Ferrous Metals

            11.5.2.1. Aluminum

            11.5.2.2. Copper

            11.5.2.3. Lead

            11.5.2.4. Nickel

            11.5.2.5. Zinc

            11.5.2.6. Brass

            11.5.2.7. Tin

            11.5.2.8. Gold

            11.5.2.9. Others

    11.6. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Scrap Type, 2018 - 2030

        11.6.1. New Scrap

        11.6.2. Old Scrap 

    11.7. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Industry, 2018 - 2030

        11.7.1. Building & Construction 

        11.7.2. Automotive

        11.7.3. Industrial Manufacturing

        11.7.4. Electricals

        11.7.5. Shipbuilding

        11.7.6. Consumer Electronics

        11.7.7. Others

    11.8. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Country & Sub-region, 2018 - 2030

        11.8.1. China

        11.8.2. India

        11.8.3. Japan

        11.8.4. Rest of Asia Pacific

    11.9. Incremental Opportunity Analysis 

Section 12. Middle East & Africa Scrap Metal Recycling Market Analysis and Forecast 

    12.1. Regional Snapshot

    12.2. Key Trends Analysis 

        12.2.1. Demand Side Analysis

        12.2.2. Supply Side Analysis

    12.3. COVID 19 Impact Analysis

    12.4. Price Trend Analysis

        12.4.1. Weighted Average Selling Price

    12.5. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Metal Type, 2018 - 2030

        12.5.1. Ferrous Metals

            12.5.1.1. Stainless Steel

            12.5.1.2. Carbon Steel

                12.5.1.2.1. Mild Steel

            12.5.1.3. Cast Iron

            12.5.1.4. Others

        12.5.2. Non-Ferrous Metals

            12.5.2.1. Aluminum

            12.5.2.2. Copper

            12.5.2.3. Lead

            12.5.2.4. Nickel

            12.5.2.5. Zinc

            12.5.2.6. Brass

            12.5.2.7. Tin

            12.5.2.8. Gold

            12.5.2.9. Others

    12.6. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Scrap Type, 2018 - 2030

        12.6.1. New Scrap

        12.6.2. Old Scrap 

    12.7. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Industry, 2018 - 2030

        12.7.1. Building & Construction 

        12.7.2. Automotive

        12.7.3. Industrial Manufacturing

        12.7.4. Electricals

        12.7.5. Shipbuilding

        12.7.6. Consumer Electronics

        12.7.7. Others

    12.8. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Country & Sub-region, 2018 - 2030

        12.8.1. GCC

        12.8.2. South Africa

        12.8.3. Rest of Middle East & Africa

    12.9. Incremental Opportunity Analysis 

Section 13. South America Scrap Metal Recycling Market Analysis and Forecast 

    13.1. Regional Snapshot

    13.2. Key Trends Analysis 

        13.2.1. Demand Side Analysis

        13.2.2. Supply Side Analysis

    13.3. COVID 19 Impact Analysis

    13.4. Price Trend Analysis

        13.4.1. Weighted Average Selling Price

    13.5. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Metal Type, 2018 - 2030

        13.5.1. Ferrous Metals

            13.5.1.1. Stainless Steel

            13.5.1.2. Carbon Steel

                13.5.1.2.1. Mild Steel

            13.5.1.3. Cast Iron

            13.5.1.4. Others

        13.5.2. Non-Ferrous Metals

            13.5.2.1. Aluminum

            13.5.2.2. Copper

            13.5.2.3. Lead

            13.5.2.4. Nickel

            13.5.2.5. Zinc

            13.5.2.6. Brass

            13.5.2.7. Tin

            13.5.2.8. Gold

            13.5.2.9. Others

    13.6. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Scrap Type, 2018 - 2030

        13.6.1. New Scrap

        13.6.2. Old Scrap 

    13.7. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Industry, 2018 - 2030

        13.7.1. Building & Construction 

        13.7.2. Automotive

        13.7.3. Industrial Manufacturing

        13.7.4. Electricals

        13.7.5. Shipbuilding

        13.7.6. Consumer Electronics

        13.7.7. Others

    13.8. Scrap Metal Recycling Market Size (US$ Mn & Thousand Tons) Forecast, By Country & Sub-region, 2018 - 2030

        13.8.1. Brazil

        13.8.2. Rest of South America 

    13.9. Incremental Opportunity Analysis 

Section 14. Competition Landscape

    14.1. Market Player – Competition Dashboard

    14.2. Market Revenue Share Analysis (%), by Country (2018)

    14.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview) 

        14.3.1. American Iron & Metal (AIM)

            14.3.1.1. Company Overview

            14.3.1.2. Sales Area/Geographical Presence

            14.3.1.3. Revenue

            14.3.1.4. Strategy & Business Overview

        14.3.2. ArcelorMittal

            14.3.2.1. Company Overview

            14.3.2.2. Sales Area/Geographical Presence

            14.3.2.3. Revenue

            14.3.2.4. Strategy & Business Overview

        14.3.3. Aurubis AG

            14.3.3.1. Company Overview

            14.3.3.2. Sales Area/Geographical Presence

            14.3.3.3. Revenue

            14.3.3.4. Strategy & Business Overview

        14.3.4. DBW Metals Recycling

            14.3.4.1. Company Overview

            14.3.4.2. Sales Area/Geographical Presence

            14.3.4.3. Revenue

            14.3.4.4. Strategy & Business Overview

        14.3.5. Kuusakoski

            14.3.5.1. Company Overview

            14.3.5.2. Sales Area/Geographical Presence

            14.3.5.3. Revenue

            14.3.5.4. Strategy & Business Overview

        14.3.6. Metallon Recycling Pte Ltd

            14.3.6.1. Company Overview

            14.3.6.2. Sales Area/Geographical Presence

            14.3.6.3. Revenue

            14.3.6.4. Strategy & Business Overview

        14.3.7. Nucor Corporation

            14.3.7.1. Company Overview

            14.3.7.2. Sales Area/Geographical Presence

            14.3.7.3. Revenue

            14.3.7.4. Strategy & Business Overview

        14.3.8. OmniSource, LLC

            14.3.8.1. Company Overview

            14.3.8.2. Sales Area/Geographical Presence

            14.3.8.3. Revenue

            14.3.8.4. Strategy & Business Overview

        14.3.9. Sims Limited

            14.3.9.1. Company Overview

            14.3.9.2. Sales Area/Geographical Presence

            14.3.9.3. Revenue

            14.3.9.4. Strategy & Business Overview

        14.3.10. TKC Metal Recycling Inc.

            14.3.10.1. Company Overview

            14.3.10.2. Sales Area/Geographical Presence

            14.3.10.3. Revenue

            14.3.10.4. Strategy & Business Overview

Section 15. Key Takeaways

    15.1. Identification of Potential Market Spaces

        15.1.1. Metal Type

        15.1.2. Scrap Type

        15.1.3. Industry

        15.1.4. Geography

    15.2. Understanding the Procurement Process of the Customers

        15.2.1. Preferred Type

        15.2.2. Preferred End-Use

    15.3. Prevailing Market Risks

List of Tables

Table 1: Global Scrap Metal Market, Volume Size and Forecast, By Metal Type, Thousand Tons, 2018 - 2030

Table 2: Global Scrap Metal Market, Value Size and Forecast, By Metal Type, US$ Mn, 2018 - 2030

Table 3: Global Scrap Metal Market, Volume Size and Forecast, By Scrap Type, Thousand Tons, 2018 - 2030

Table 4: Global Scrap Metal Market, Value Size and Forecast, By Scrap Type, US$ Mn, 2018 - 2030

Table 5: Global Scrap Metal Market, Volume Size and Forecast, By Industry, Thousand Tons, 2018 - 2030

Table 6: Global Scrap Metal Market, Value Size and Forecast, By Industry, US$ Mn, 2018 - 2030

Table 7: Global Scrap Metal Market, Volume Size and Forecast, By Region, Thousand Tons, 2018 - 2030

Table 8: Global Scrap Metal Market, Value Size and Forecast, By Region, US$ Mn, 2018 - 2030

Table 9: North America Scrap Metal Market, Volume Size and Forecast, By Metal Type, Thousand Tons, 2018 - 2030

Table 10: North America Scrap Metal Market, Value Size and Forecast, By Metal Type, US$ Mn, 2018 - 2030

Table 11: North America Scrap Metal Market, Volume Size and Forecast, By Scrap Type, Thousand Tons, 2018 - 2030

Table 12: North America Scrap Metal Market, Value Size and Forecast, By Scrap Type, US$ Mn, 2018 - 2030

Table 13: North America Scrap Metal Market, Volume Size and Forecast, By Industry, Thousand Tons, 2018 - 2030

Table 14: North America Scrap Metal Market, Value Size and Forecast, By Industry, US$ Mn, 2018 - 2030

Table 15: North America Scrap Metal Market, Volume Size and Forecast, By Country, Thousand Tons, 2018 - 2030

Table 16: North America Scrap Metal Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Table 17: Europe Scrap Metal Market, Volume Size and Forecast, By Metal Type, Thousand Tons, 2018 - 2030

Table 18: Europe Scrap Metal Market, Value Size and Forecast, By Metal Type, US$ Mn, 2018 - 2030

Table 19: Europe Scrap Metal Market, Volume Size and Forecast, By Scrap Type, Thousand Tons, 2018 - 2030

Table 20: Europe Scrap Metal Market, Value Size and Forecast, By Scrap Type, US$ Mn, 2018 - 2030

Table 21: Europe Scrap Metal Market, Volume Size and Forecast, By Industry, Thousand Tons, 2018 - 2030

Table 22: Europe Scrap Metal Market, Value Size and Forecast, By Industry, US$ Mn, 2018 - 2030

Table 23: Europe Scrap Metal Market, Volume Size and Forecast, By Country, Thousand Tons, 2018 - 2030

Table 24: Europe Scrap Metal Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Table 25: Asia Pacific Scrap Metal Market, Volume Size and Forecast, By Metal Type, Thousand Tons, 2018 - 2030

Table 26: Asia Pacific Scrap Metal Market, Value Size and Forecast, By Metal Type, US$ Mn, 2018 - 2030

Table 27: Asia Pacific Scrap Metal Market, Volume Size and Forecast, By Scrap Type, Thousand Tons, 2018 - 2030

Table 28: Asia Pacific Scrap Metal Market, Value Size and Forecast, By Scrap Type, US$ Mn, 2018 - 2030

Table 29: Asia Pacific Scrap Metal Market, Volume Size and Forecast, By Industry, Thousand Tons, 2018 - 2030

Table 30: Asia Pacific Scrap Metal Market, Value Size and Forecast, By Industry, US$ Mn, 2018 - 2030

Table 31: Asia Pacific Scrap Metal Market, Volume Size and Forecast, By Country, Thousand Tons, 2018 - 2030

Table 32: Asia Pacific Scrap Metal Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Table 33: Middle East & Africa Scrap Metal Market, Volume Size and Forecast, By Metal Type, Thousand Tons, 2018 - 2030

Table 34: Middle East & Africa Scrap Metal Market, Value Size and Forecast, By Metal Type, US$ Mn, 2018 - 2030

Table 35: Middle East & Africa Scrap Metal Market, Volume Size and Forecast, By Scrap Type, Thousand Tons, 2018 - 2030

Table 36: Middle East & Africa Scrap Metal Market, Value Size and Forecast, By Scrap Type, US$ Mn, 2018 - 2030

Table 37: Middle East & Africa Scrap Metal Market, Volume Size and Forecast, By Industry, Thousand Tons, 2018 - 2030

Table 38: Middle East & Africa Scrap Metal Market, Value Size and Forecast, By Industry, US$ Mn, 2018 - 2030

Table 39: Middle East & Africa Scrap Metal Market, Volume Size and Forecast, By Country, Thousand Tons, 2018 - 2030

Table 40: Middle East & Africa Scrap Metal Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Table 41: South America Scrap Metal Market, Volume Size and Forecast, By Metal Type, Thousand Tons, 2018 - 2030

Table 42: South America Scrap Metal Market, Value Size and Forecast, By Metal Type, US$ Mn, 2018 - 2030

Table 43: South America Scrap Metal Market, Volume Size and Forecast, By Scrap Type, Thousand Tons, 2018 - 2030

Table 44: South America Scrap Metal Market, Value Size and Forecast, By Scrap Type, US$ Mn, 2018 - 2030

Table 45: South America Scrap Metal Market, Volume Size and Forecast, By Industry, Thousand Tons, 2018 - 2030

Table 46: South America Scrap Metal Market, Value Size and Forecast, By Industry, US$ Mn, 2018 - 2030

Table 47: South America Scrap Metal Market, Volume Size and Forecast, By Country, Thousand Tons, 2018 - 2030

Table 48: South America Scrap Metal Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

List of Figures

Figure 1: Global Scrap Metal Market, Volume Size and Forecast, By Metal Type, Thousand Tons, 2018 - 2030

Figure 2: Global Scrap Metal Market, Value Size and Forecast, By Metal Type, US$ Mn, 2018 - 2030

Figure 3: Global Scrap Metal Market, Incremental Opportunity, By Metal Type, US$ Mn, 2020 - 2030

Figure 4: Global Scrap Metal Market, Volume Size and Forecast, By Scrap Type, Thousand Tons, 2018 - 2030

Figure 5: Global Scrap Metal Market, Value Size and Forecast, By Scrap Type, US$ Mn, 2018 - 2030

Figure 6: Global Scrap Metal Market, Incremental Opportunity, By Scrap Type, US$ Mn, 2020 - 2030

Figure 7: Global Scrap Metal Market, Volume Size and Forecast, By Industry, Thousand Tons, 2018 - 2030

Figure 8: Global Scrap Metal Market, Value Size and Forecast, By Industry, US$ Mn, 2018 - 2030

Figure 9: Global Scrap Metal Market, Incremental Opportunity, By Industry, US$ Mn, 2020 - 2030

Figure 10: Global Scrap Metal Market, Volume Size and Forecast, By Region, Thousand Tons, 2018 - 2030

Figure 11: Global Scrap Metal Market, Value Size and Forecast, By Region, US$ Mn, 2018 - 2030

Figure 12: Global Scrap Metal Market, Incremental Opportunity, By Region, US$ Mn, 2020 - 2030

Figure 13: North America Scrap Metal Market, Volume Size and Forecast, By Metal Type, Thousand Tons, 2018 - 2030

Figure 14: North America Scrap Metal Market, Value Size and Forecast, By Metal Type, US$ Mn, 2018 - 2030

Figure 15: North America Scrap Metal Market, Incremental Opportunity, By Metal Type, US$ Mn, 2020 - 2030

Figure 16: North America Scrap Metal Market, Volume Size and Forecast, By Scrap Type, Thousand Tons, 2018 - 2030

Figure 17: North America Scrap Metal Market, Value Size and Forecast, By Scrap Type, US$ Mn, 2018 - 2030

Figure 18: North America Scrap Metal Market, Incremental Opportunity, By Scrap Type, US$ Mn, 2020 - 2030

Figure 19: North America Scrap Metal Market, Volume Size and Forecast, By Industry, Thousand Tons, 2018 - 2030

Figure 20: North America Scrap Metal Market, Value Size and Forecast, By Industry, US$ Mn, 2018 - 2030

Figure 21: North America Scrap Metal Market, Incremental Opportunity, By Industry, US$ Mn, 2020 - 2030

Figure 22: North America Scrap Metal Market, Volume Size and Forecast, By Country, Thousand Tons, 2018 - 2030

Figure 23: North America Scrap Metal Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Figure 24: North America Scrap Metal Market, Incremental Opportunity, By Country, US$ Mn, 2020 - 2030

Figure 25: Europe Scrap Metal Market, Volume Size and Forecast, By Metal Type, Thousand Tons, 2018 - 2030

Figure 26: Europe Scrap Metal Market, Value Size and Forecast, By Metal Type, US$ Mn, 2018 - 2030

Figure 27: Europe Scrap Metal Market, Incremental Opportunity, By Metal Type, US$ Mn, 2020 - 2030

Figure 28: Europe Scrap Metal Market, Volume Size and Forecast, By Scrap Type, Thousand Tons, 2018 - 2030

Figure 29: Europe Scrap Metal Market, Value Size and Forecast, By Scrap Type, US$ Mn, 2018 - 2030

Figure 30: Europe Scrap Metal Market, Incremental Opportunity, By Scrap Type, US$ Mn, 2020 - 2030

Figure 31: Europe Scrap Metal Market, Volume Size and Forecast, By Industry, Thousand Tons, 2018 - 2030

Figure 32: Europe Scrap Metal Market, Value Size and Forecast, By Industry, US$ Mn, 2018 - 2030

Figure 33: Europe Scrap Metal Market, Incremental Opportunity, By Industry, US$ Mn, 2020 - 2030

Figure 34: Europe Scrap Metal Market, Volume Size and Forecast, By Country, Thousand Tons, 2018 - 2030

Figure 35: Europe Scrap Metal Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Figure 36: Europe Scrap Metal Market, Incremental Opportunity, By Country, US$ Mn, 2020 - 2030

Figure 37: Asia Pacific Scrap Metal Market, Volume Size and Forecast, By Metal Type, Thousand Tons, 2018 - 2030

Figure 38: Asia Pacific Scrap Metal Market, Value Size and Forecast, By Metal Type, US$ Mn, 2018 - 2030

Figure 39: Asia Pacific Scrap Metal Market, Incremental Opportunity, By Metal Type, US$ Mn, 2020 - 2030

Figure 40: Asia Pacific Scrap Metal Market, Volume Size and Forecast, By Scrap Type, Thousand Tons, 2018 - 2030

Figure 41: Asia Pacific Scrap Metal Market, Value Size and Forecast, By Scrap Type, US$ Mn, 2018 - 2030

Figure 42: Asia Pacific Scrap Metal Market, Incremental Opportunity, By Scrap Type, US$ Mn, 2020 - 2030

Figure 43: Asia Pacific Scrap Metal Market, Volume Size and Forecast, By Industry, Thousand Tons, 2018 - 2030

Figure 44: Asia Pacific Scrap Metal Market, Value Size and Forecast, By Industry, US$ Mn, 2018 - 2030

Figure 45: Asia Pacific Scrap Metal Market, Incremental Opportunity, By Industry, US$ Mn, 2020 - 2030

Figure 46: Asia Pacific Scrap Metal Market, Volume Size and Forecast, By Country, Thousand Tons, 2018 - 2030

Figure 47: Asia Pacific Scrap Metal Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Figure 48: Asia Pacific Scrap Metal Market, Incremental Opportunity, By Country, US$ Mn, 2020 - 2030

Figure 49: Middle East & Africa Scrap Metal Market, Volume Size and Forecast, By Metal Type, Thousand Tons, 2018 - 2030

Figure 50: Middle East & Africa Scrap Metal Market, Value Size and Forecast, By Metal Type, US$ Mn, 2018 - 2030

Figure 51: Middle East & Africa Scrap Metal Market, Incremental Opportunity, By Metal Type, US$ Mn, 2020 - 2030

Figure 52: Middle East & Africa Scrap Metal Market, Volume Size and Forecast, By Scrap Type, Thousand Tons, 2018 - 2030

Figure 53: Middle East & Africa Scrap Metal Market, Value Size and Forecast, By Scrap Type, US$ Mn, 2018 - 2030

Figure 54: Middle East & Africa Scrap Metal Market, Incremental Opportunity, By Scrap Type, US$ Mn, 2020 - 2030

Figure 55: Middle East & Africa Scrap Metal Market, Volume Size and Forecast, By Industry, Thousand Tons, 2018 - 2030

Figure 56: Middle East & Africa Scrap Metal Market, Value Size and Forecast, By Industry, US$ Mn, 2018 - 2030

Figure 57: Middle East & Africa Scrap Metal Market, Incremental Opportunity, By Industry, US$ Mn, 2020 - 2030

Figure 58: Middle East & Africa Scrap Metal Market, Volume Size and Forecast, By Country, Thousand Tons, 2018 - 2030

Figure 59: Middle East & Africa Scrap Metal Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Figure 60: Middle East & Africa Scrap Metal Market, Incremental Opportunity, By Country, US$ Mn, 2020 - 2030

Figure 61: South America Scrap Metal Market, Volume Size and Forecast, By Metal Type, Thousand Tons, 2018 - 2030

Figure 62: South America Scrap Metal Market, Value Size and Forecast, By Metal Type, US$ Mn, 2018 - 2030

Figure 63: South America Scrap Metal Market, Incremental Opportunity, By Metal Type, US$ Mn, 2020 - 2030

Figure 64: South America Scrap Metal Market, Volume Size and Forecast, By Scrap Type, Thousand Tons, 2018 - 2030

Figure 65: South America Scrap Metal Market, Value Size and Forecast, By Scrap Type, US$ Mn, 2018 - 2030

Figure 66: South America Scrap Metal Market, Incremental Opportunity, By Scrap Type, US$ Mn, 2020 - 2030

Figure 67: South America Scrap Metal Market, Volume Size and Forecast, By Industry, Thousand Tons, 2018 - 2030

Figure 68: South America Scrap Metal Market, Value Size and Forecast, By Industry, US$ Mn, 2018 - 2030

Figure 69: South America Scrap Metal Market, Incremental Opportunity, By Industry, US$ Mn, 2020 - 2030

Figure 70: South America Scrap Metal Market, Volume Size and Forecast, By Country, Thousand Tons, 2018 - 2030

Figure 71: South America Scrap Metal Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Figure 72: South America Scrap Metal Market, Incremental Opportunity, By Country, US$ Mn, 2020 - 2030

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Scrap Metal Recycling Market