Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel Scrap (WPU1012) from Jan 1947 to May 2025 about iron, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Iron and steel scrap prices in the United States stood at around *** U.S. dollars per metric ton in 2024, down from *** dollars per ton a year earlier. This is the fourth consecutive annual decrease recorded. Steel scrap consumption The majority of domestic steel industry scrap consumption is from manufacturers of raw steel, and steel castings. These raw materials are used to produce steel products that are used for appliances, construction, machinery, and transportation, among other industry uses. Only small amounts of steel scrap were used for the production of ferroalloys, copper precipitation, and the chemical industry. Recycling scrap Recycled iron and steel scrap materials have been essential for the production of new steel and cast iron products. Vehicles are one of the largest sources of old steel scrap used for recycling and nearly 100 percent of cars are recycled for their scrap material. It is expected that the recycling rate for scrap materials from appliances and construction purposes should rise, especially as public interest for recycling grows and profitability increases.

Get the latest insights on price movement and trend analysis of Steel Scrap in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global sales of recycled scrap metal is estimated at USD 75.5 billion in 2025. Revenue is projected to rise steadily at a CAGR of 7.1% from 2025 to 2035, reaching USD 149.9 billion by the end of the forecast period.

Metric	Value
Industry Size (2025E)	USD 75.5 billion
Industry Value (2035F)	USD 149.9 billion
CAGR (2025 to 2035)	7.1%

Analyzing Recycled Scrap Metal Market by Top Investment Segments

Metal Type	Value Share (2035)
Ferrous Metals	72.5%

Metal Type	Value Share (2035)
Building & Construction	15.6%

Semi-annual Update

Particular	Value CAGR
H1	6.1% (2024 to 2034)
H2	7.5% (2024 to 2034)
H1	6.5% (2025 to 2035)
H2	7.7% (2025 to 2035)

Country-wise Insights

Countries	Value CAGR (2025 to 2035)
USA	6.5%
UK	7.9%
China	6.9%
Japan	7.3%
India	7.6%

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Other Ferrous Scrap (WPU101215) from Jun 2006 to Jul 2024 about metals, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Metals and Metal Products: Stainless and Other Alloy Steel Scrap was 441.08300 Index Dec 1986=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Stainless and Other Alloy Steel Scrap reached a record high of 845.43200 in March of 2022 and a record low of 100.00000 in December of 1986. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Stainless and Other Alloy Steel Scrap - last updated from the United States Federal Reserve on July of 2025.

United States - Producer Price Index by Commodity: Metals and Metal Products: Shredded Carbon Steel Scrap was 229.72000 Index Jun 1996=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Shredded Carbon Steel Scrap reached a record high of 375.23600 in April of 2022 and a record low of 56.10000 in November of 2001. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Shredded Carbon Steel Scrap - last updated from the United States Federal Reserve on July of 2025.

Get the latest insights on price movement and trend analysis of Iron Scrap in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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Scrap Metal Recycling Market Size 2025-2029

The scrap metal recycling market size is forecast to increase by USD 20.39 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, driven by increasing environmental and sustainability pressures. Governments and businesses worldwide are recognizing the importance of reducing waste and minimizing the carbon footprint, leading to a rise in demand for scrap metal recycling. Advanced sorting technologies and AI-driven recycling processes are revolutionizing the industry, enabling more efficient and effective recovery of valuable metals from scrap. Machining shop equipment, including chip conveyors, coolant filtration systems, balers, shredders, and granulators, plays a crucial role in metal machining operations by collecting, transporting, and disposing of metal chips and debris. However, the market also faces challenges.
Producers must invest in advanced technologies and implement rigorous quality control measures to mitigate these challenges and maintain the integrity of their recycled products. Companies that can navigate these challenges effectively and capitalize on the growing demand for scrap metal recycling will be well-positioned to succeed in this dynamic market. Contamination and quality issues persist as a major obstacle. The presence of impurities in scrap metal can impact the quality of the recycled product and reduce its market value. The recycling system's integration into various industries, such as construction materials, automotive, and electronics, contributes to waste management initiatives and reduces the reliance on virgin materials.

What will be the Size of the Scrap Metal Recycling Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market is characterized by intricate global supply chains and a growing emphasis on sustainability reporting. Recycling infrastructure plays a crucial role in optimizing price and ensuring traceability of alloy compositions through the use of big data and data analytics. Artificial intelligence (AI) and sensor technologies facilitate material passports, compliance reporting, and circular economy initiatives. Policy analysis and predictive modeling aid in risk management and due diligence, while stakeholder engagement and inventory management contribute to carbon offsetting. Environmental impact assessments and compliance audits are essential for melt shops and metal remediation processes.

Scrap metal classification, digital twinning, and metal grading are essential for fraud detection and demand forecasting. Remote monitoring and public awareness campaigns further enhance the transparency and efficiency of scrap metal trading. Aluminum alloys, heat sinks, and radiators are prominent in the technology sector, while aluminum cans and food containers are common in the consumer goods industry.

How is this Scrap Metal Recycling Industry segmented?

The scrap metal recycling industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Material

  Ferrous metals
  Non-ferrous metals


Application

  Construction
  Industrial goods
  Automotive
  Consumer goods


Method

  Mechanical recycling
  Thermal recycling
  Advanced tech
  Chemical recycling


Geography

  North America

    US


  Europe

    Germany
    Russia
    UK


  Middle East and Africa

    Turkey


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Material Insights

The Ferrous metals segment is estimated to witness significant growth during the forecast period. The market is driven by the extensive utilization of ferrous metals, particularly steel and cast iron, in various industries. These metals, recognized for their iron content, are recycled in significant quantities through various processes. Ferrous scrap is categorized into three primary sources: obsolete scrap, prompt scrap, and heavy melting steel (HMS). Obsolete scrap emerges from end-of-life products, such as decommissioned vehicles, discarded appliances, and dismantled infrastructure. Prompt scrap, also known as industrial scrap, is generated as a byproduct of manufacturing processes, including steel mill offcuts and machining residues. HMS encompasses large steel components, including beams, structural frameworks, and shredded automotive bodies.

Optical sorting technology plays a crucial role in the recycling process, ensuring efficient separation of different types of metals. The recycling industry's environmental footprint is a growing concern, with carbon emission

The Scrap Metal Recycling Market report segments the industry into Metal Type (Ferrous, Non-Ferrous) and Industry (Automotive, Aerospace and Defense, Construction, Electrical and Electronics, Manufacturing and Industrial Sectors, Consumer Appliances, Others). Get five years of historical data alongside five-year market forecasts.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Nonferrous Scrap (WPS1023) from Jan 1973 to May 2025 about nonferrous metals, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The global non-ferrous scrap metal market, valued at $120.71 billion in 2025, is projected to experience robust growth over the forecast period (2025-2033). While the precise Compound Annual Growth Rate (CAGR) is not provided, considering the increasing demand driven by the construction, automotive, and electronics industries, a conservative estimate of 5-7% CAGR is reasonable. This growth is fueled by several key factors. Firstly, the rising global population and urbanization are significantly boosting demand for construction materials, leading to increased scrap metal generation. Secondly, the automotive industry's shift towards lightweight vehicles and electric vehicles (EVs) requires greater use of non-ferrous metals, further stimulating scrap metal recycling. Thirdly, stringent environmental regulations promoting sustainable practices are incentivizing recycling and reducing reliance on primary metal extraction. Furthermore, advancements in scrap metal processing technologies are improving efficiency and making recycling more economically viable. However, the market is not without its challenges. Fluctuations in commodity prices, particularly for base metals like copper and aluminum, can impact market profitability. Geopolitical instability and supply chain disruptions can also create volatility. Additionally, the uneven distribution of scrap metal collection infrastructure, particularly in developing economies, presents a significant hurdle to maximizing recycling rates. Nevertheless, the long-term outlook for the non-ferrous scrap metal market remains positive, driven by a confluence of factors pointing toward sustained growth in both consumption and recycling activity. The diverse applications of non-ferrous scrap metals, coupled with growing environmental awareness and technological advancements, ensure the market's continued expansion throughout the forecast period. This report provides a detailed analysis of the global non-ferrous scrap metal market, valued at approximately $80 billion in 2023, projected to reach $105 billion by 2028, driven by robust growth in key sectors. The report encompasses market size, segmentation, key players, trends, and future projections, offering invaluable insights for industry stakeholders. This in-depth study explores the dynamics of copper scrap, aluminum scrap, lead and zinc scrap, nickel scrap, and other non-ferrous metals, across diverse applications. Keywords: non-ferrous scrap metal, copper scrap, aluminum scrap, recycling, metal market, scrap metal prices, secondary metal, sustainable materials, waste management

According to Cognitive Market Research, the global Scrap Metal Sorting Analyzers market size is USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 16.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.2% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.9% from 2024 to 2031.
The Handheld Metal Analyzer held the highest Scrap Metal Sorting Analyzers market revenue share in 2024.

Market Dynamics of Scrap Metal Sorting Analyzers Market

Key Drivers for Scrap Metal Sorting Analyzers Market

Growing Demand for Recycled Metals to Increase the Demand Globally:

The developing demand for recycled metals is driven by way of environmental issues and aid depletion. This surge necessitates green and accurate sorting of scrap metals to maximize their cost and reduce reliance on virgin materials. Scrap metallic sorting analyzers are vital in this system, as they exactly discover and separate distinct metallic types. This superior equipment makes certain awesome recycling by way of detecting even hint quantities of metals, improving the purity of recycled merchandise. Consequently, they assist preserve natural sources, reduce power consumption, and decrease greenhouse fuel emissions associated with metallic manufacturing. The accelerated use of sorting analyzers underscores the industry's dedication to sustainable practices and resource optimization.

Stringent Regulations on Waste Management to Propel Market Growth:

Governments worldwide are enacting stringent guidelines on waste management, together with heightened recycling objectives. These regulations incentivize scrap metallic processors to adopt superior sorting technology, which includes analyzers, to comply with the brand-new requirements. Sophisticated sorting analyzers enable the unique identity and separation of numerous metals, ensuring that recycling processes meet regulatory requirements successfully. By investing in these technologies, scrap metal processors can reap higher recycling charges, reduce landfill waste, and decrease environmental effects. Additionally, compliance with strict guidelines fosters a circular economic system wherein materials are reused and recycled, further selling sustainability. This regulatory push underscores the significance of innovation and technology in modern-day waste management and environmental conservation efforts.

Restraint Factor for the Scrap Metal Sorting Analyzers Market

High Initial Investment Cost to Limit the Sales:

Scrap metallic sorting analyzers, specifically people with advanced functions, include high preliminary funding prices. This can pose a large barrier for smaller scrap steel processors, who might also need help managing to pay for the upfront expenditure. The state-of-the-art technology and precision abilities of these analyzers contribute to their cost, which incorporates now not handiest the acquisition rate but also installation and renovation fees. Smaller processors, frequently operating with limited budgets, might conflict to justify or control such investments, potentially impeding their capacity to compete with larger, higher-funded organizations. Consequently, this economic hurdle can restrict the adoption of modern sorting technology in the enterprise, affecting ordinary efficiency and compliance with an increasing number of stringent recycling regulations.

Key Trends the Scrap Metal Sorting Analyzers Market

Increasing Use of Handheld and Portable Analyzers:

There is a rising demand for compact, mobile analyzers that provide real-time analysis at scrapyards and industrial locations. These ...

According to Cognitive Market Research, the global metal recycling market size will be USD 559351.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.0% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 206960.17 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.8% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 162212.02 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 134244.43 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 21255.37 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 22374.07 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2033.
Africa had a market share of around 2.2% of the global revenue and was estimated at a market size of USD 12305.74 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2025 to 2033.
Aluminum is the fastest growing segment of the metal recycling market industry

Market Dynamics of Metal Recycling Market

Key Drivers for Metal Recycling Market

Rising Focus on the Conservation of Natural Resources is Expected to Boost Market Growth

The growing global emphasis on conserving natural resources is a key driver for the metal recycling market. As mining activities deplete finite ore reserves and damage ecosystems, governments and industries are increasingly prioritizing recycling to reduce raw material dependency. Recycling metals such as steel, aluminium, and copper significantly cuts down on energy consumption and greenhouse gas emissions compared to primary production. This shift supports circular economy initiatives and sustainability goals, especially in the construction, automotive, and electronics industries. Additionally, public awareness, stricter environmental regulations, and economic incentives further promote recycling as a resource-efficient alternative, reinforcing its role in preserving Earth's natural capital. In December 2022, ArcelorMittal finalized the acquisition of Riwald Recycling ("Riwald"), a cutting-edge ferrous scrap metal recycling company in the Netherlands, as part of its decarbonization strategy. The company also acquired Italpannelli Germany, a German manufacturer of insulation panels, enhancing its geographic reach and bolstering the product offerings of ArcelorMittal Downstream Solutions' construction division

https://corporate.arcelormittal.com/media/news-articles/arcelormittal-acquires-dutch-scrap-metal-recycling-business-riwald-recycling#:~:text=ArcelorMittal%20today%20announces%20it%20has%20acquired%20Riwald,expected%20by%20the%20end%20of%20January%202023.”

Reduction in Greenhouse Gas Emissions to Boost Market Growth

Reducing greenhouse gas (GHG) emissions is a major driver of accelerating growth in the metal recycling market. Traditional metal production, especially from virgin ores, is highly energy-intensive and a significant contributor to CO? and other GHG emissions. In contrast, recycling metals like aluminium, steel, and copper uses significantly less energy—up to 95% less in some cases—thereby drastically lowering emissions. Governments, industries, and environmental organizations are increasingly supporting recycling initiatives to meet climate goals and emission reduction targets. This push aligns with global commitments under the Paris Agreement and corporate sustainability strategies, making metal recycling a critical component in the fight against climate change.

Restraint Factor for the Metal Recycling Market

Fluctuating Raw Material Prices Will Limit Market Growth

Fluctuating raw material prices pose a significant restraint on the metal recycling market. Volatility in the prices of primary metals, such as copper, aluminium, and steel, directly impacts the profitability of recycled metal products. When virgin metal prices drop, recycled alternatives may become less economically attractive, leading to reduced demand and lower recycling ...

United States - Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap Bundles was 276.94300 Index Jun 1996=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap Bundles reached a record high of 522.80000 in July of 2008 and a record low of 54.80000 in November of 2001. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap Bundles - last updated from the United States Federal Reserve on July of 2025.

The Scrap Metal Recycling Market size is expected to reach a valuation of USD 838.46 billion in 2033 growing at a CAGR of 8.20%. The Scrap Metal Recycling Market research report classifies Market by share, trend, demand, forecast and based on segmentation.

Steel fell to 3,086 CNY/T on July 11, 2025, down 0.61% from the previous day. Over the past month, Steel's price has risen 5.22%, but it is still 6.46% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on July of 2025.

The global copper scrap market, valued at $74,140 million in 2025, is projected to experience robust growth, driven by the increasing demand for copper in various industries, particularly construction, electronics, and transportation. The compound annual growth rate (CAGR) of 4.3% from 2025 to 2033 indicates a significant expansion of the market over the forecast period. This growth is fueled by factors such as the rising adoption of sustainable practices, leading to increased recycling rates, and the growing global infrastructure development projects that require substantial amounts of copper. Furthermore, advancements in copper scrap processing technologies are enhancing efficiency and profitability within the industry, contributing to market expansion. However, fluctuations in copper prices and the availability of high-quality scrap metal pose challenges to consistent market growth. The competitive landscape comprises both large multinational corporations such as Aurubis and smaller regional players, resulting in a dynamic market characterized by mergers, acquisitions, and strategic partnerships. The market segmentation likely includes various grades of copper scrap (e.g., bare bright wire, insulated wire, brass, bronze) influencing pricing and demand patterns. Geographic variations in recycling infrastructure and government regulations also play a crucial role in shaping regional market dynamics. The major players in the market—Aurubis, Commercial Metals (CMC), SIMS Metal Management, European Metal Recycling (EMR), and others—are continuously investing in research and development and expanding their operations to capitalize on this growing market. The strategic focus on sustainable recycling practices and efficient processing technologies will be crucial for maintaining competitiveness. While challenges like fluctuating raw material prices and environmental regulations persist, the overall outlook for the copper scrap market remains positive, driven by the rising demand for copper and increasing focus on resource efficiency and circular economy principles. The forecast period will see significant growth particularly in developing economies experiencing rapid infrastructure development and industrialization. This presents opportunities for market participants who can adapt to changing regulatory environments and provide efficient and sustainable recycling solutions.

Scrap Metal Recycling Market size is expected to reach US$ 93.90 Bn by 2032, from US$ 63.66 Bn in 2025, exhibiting a CAGR of 5.7% during the forecast period.

United States - Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel Scrap was 511.87500 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel Scrap reached a record high of 859.24200 in April of 2022 and a record low of 33.30000 in July of 1949. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel Scrap - last updated from the United States Federal Reserve on July of 2025.