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Scrap Metal Recycling Market Size, Share & Trends
Forecast to 2032
The Global Scrap Metal Recycling Market has recently been analyzed and explored by Fortune
Business Insights™ in their latest market research report. The team of dedicated analysts and
researchers has gone to great lengths to provide a comprehensive overview of both current and
future scenarios pertaining to the Scrap Metal Recycling Market. As a result, this report is packed
with valuable insights that will be highly advantageous for industry players looking to maintain a
competitive edge.
The report also highlights limiting factors and regional industrial presence that may impact market
growth trends beyond the forecast period of 2032. The market research aims to gain a complete
understanding of the industry's potential and provide information that will help companies to make
informed decisions. The Scrap Metal Recycling Market Report is an impressive 100+ page document
that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a
comprehensive analysis.
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Forecast Growth Projected:
The global scrap metal recycling market size was valued at USD 407.02 billion in 2023. The market is
projected to grow from USD 420.83 billion in 2024 to USD 568.76 billion by 2032 at a CAGR of 3.8%
during the forecast period.
List of the Key Players in the Scrap Metal Recycling Market:
 ArcelorMittal (Luxembourg)
 Aurubis AG (Germany)

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 Kuusakoski Group Oy (Finland)
 Nucor Corporation (U.S.)
 AIM Recycling (Canada)
 Sims Limited (U.S.)
 OmniSource, LLC (U.S.)
 Metallon Recycling Pte Ltd (Singapore)
 SA Recycling LLC (U.S.)
 TKC Metal Recycling Inc. (Canada)
Competitors Landscape:
The realm of Scrap Metal Recycling Market is rife with cutthroat competition and fragmentation, a
result of the considerable presence of both global conglomerates and domestic contenders. Industry
insiders situated in diverse geographical regions are formulating and executing effective strategies to
exploit unexplored opportunities and extend their business outreach. In this highly aggressive
environment, prominent players are aggressively pursuing tactics to enhance their market share
through various channels.
Scrap Metal Recycling Market Segmentation Analysis-
On the basis of type, the market is bifurcated into non-ferrous and ferrous. On the basis of end-user,
the market is fragmented into consumer appliances, automotive equipment manufacturing, building
& construction, packaging, and others. Geographically, the market is classified into Asia Pacific, Latin
America, Europe, North America, and the Middle East & Africa.
Drivers & Restraints –
High Demand for Recycling Metal Scrap and Waste Management to Drive Market Growth
The growing demand for waste management and recycling infrastructure around the world is driving
the industry. As a result of government mandates in numerous industries, scrap metal recycling is
becoming more widespread to the energy required for virgin metal fabrication; recycling scrap
metals saves a significant amount of energy. Recycling one ton of steel, for example, can save 2500,
1400, and 120 pounds of coal, limestone, and iron ore, respectively.
Industry Developments -
 April 2024 – Brown Gibbons Lang & Co. (BGL) unveiled the sale of Toledo Shredding LLC, a
subsidiary of ProTrade Group based in Fairlawn, Ohio, to OmniSource LLC. OmniSource LLC is
the scrap processing division of Steel Dynamics Inc., located in Fort Wayne, Indiana.
ProTrade Group is a fully integrated scrap metal company specializing in ferrous and
nonferrous metals.
 November 2023 – Sims Ltd., a global scrap metal and electronics recycling company,
announced that it is undergoing a strategic review that could lead to the potential sale of its
scrap yards network in the U.K. The primary goal of this process is to explore different
options to improve the performance of the U.K. Metal business and maximize returns for its
shareholders.
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