Industrial Overview

Scrap metal recycling companies have three components in their product line. They are collecting, processing and reselling metals. Scrap metal recycling companies have three components in their product line

They are collecting, processing and reselling metals. Half of the industry revenue comes from processing iron and steel. The demand for scrap metal is driven by the steel, auto, and construction industries. Each year, 70 million tons of ferrous metals and 9 million tons of nonferrous metals are processed. Scrap metal industry is capital intensive, meaning it requires more equipment’s than labors during the production process. On average, each employee can generate $740,000 revenue from collecting and $270,000 from processing the scrap metal