Global Ferrous Scrap Recycling Market Report and Forecast 2024-2032

Global Ferrous Scrap Recycling Market Report and Forecast 2024-2032


Market Outlook

According to the report by Expert Market Research (EMR), the global ferrous scrap recycling market reached a value of USD 70.40 billion in 2023. Aided by the increasing demand for steel and the growing awareness of the environmental benefits of recycling, the market is projected to further grow at a CAGR of 7.4% between 2024 and 2032 to reach a value of USD 134.37 billion by 2032.

Ferrous scrap, consisting primarily of iron and steel recovered from end-of-life products and industrial waste, is a critical input for steelmaking. The recycling of ferrous scrap not only conserves iron ore, limestone, and coal but also significantly reduces energy consumption and greenhouse gas emissions compared to the production of steel from virgin materials. As such, ferrous scrap recycling is a key component of the steel industry's efforts to improve its environmental footprint and contribute to the global sustainability agenda.

Several factors contribute to the ferrous scrap recycling market growth. The expanding construction, automotive, and manufacturing sectors, which are major consumers of steel, drive the demand for recycled ferrous materials. Additionally, stringent environmental regulations and policies aimed at reducing carbon emissions and promoting recycling activities have bolstered the market.

According to the ferrous scrap recycling market analysis, technological advancements in scrap processing and steelmaking have also played a vital role. Innovations in sorting, processing, and melting technologies have improved the efficiency and quality of recycled steel, making it increasingly competitive with steel produced from virgin materials.

Moreover, the growing consumer and corporate commitment to sustainability has led to an increase in recycling initiatives and investments in recycling infrastructure. This societal shift towards environmental responsibility has further fuelled the demand for recycled ferrous materials.

The ferrous scrap recycling market outlook is being influenced by the trade flows of scrap metal crossing international borders to meet the demand of steel producers worldwide. The market dynamics are influenced by factors such as scrap availability, global steel demand, and fluctuations in commodity prices.

Regulatory frameworks play a crucial role in the market, with policies governing scrap collection, processing, and trade. Environmental regulations, particularly those aimed at waste management and emission reductions, also impact market operations. Compliance with these regulations ensures that recycling practices are environmentally sound and contribute to broader sustainability goals.

Market Segmentation

The market can be divided based on type, end use, and region.

Market Breakup by Type
  • Heavy Melting Steel
  • Old Car Bodies
  • Cast Iron
  • Pressing Steel
  • Others
Market Breakup by End Use
  • Construction
  • Automotive
  • Shipbuilding
  • Equipment Manufacturing
  • Consumer Appliances
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global ferrous scrap recycling market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Sims Ltd.
  • European Metal Recycling Ltd.
  • OmniSource, LLC
  • SA Recycling LLC
  • Barna Steel S.A. (CELSA Group)
  • Jansen Recycling Group BV
  • Schnitzer Steel Industries, Inc. (Radius Recycling)
  • REMONDIS SE & Co. KG (TSR Recycling GmbH & Co. KG)
  • American Iron & Metal Company Inc.
  • Donald Ward Ltd.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ferrous Scrap Recycling Market Analysis
8.1 Key Industry Highlights
8.2 Global Ferrous Scrap Recycling Historical Market (2018-2023)
8.3 Global Ferrous Scrap Recycling Market Forecast (2024-2032)
8.4 Global Ferrous Scrap Recycling Market by Type
8.4.1 Heavy Melting Steel
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Old Car Bodies
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Cast Iron
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Pressing Steel
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Ferrous Scrap Recycling Market by End Use
8.5.1 Construction
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Automotive
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Shipbuilding
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Equipment Manufacturing
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Consumer Appliances
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Ferrous Scrap Recycling Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Ferrous Scrap Recycling Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Ferrous Scrap Recycling Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Ferrous Scrap Recycling Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Ferrous Scrap Recycling Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Ferrous Scrap Recycling Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Sims Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 European Metal Recycling Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 OmniSource, LLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 SA Recycling LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Barna Steel S.A. (CELSA Group)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Jansen Recycling Group BV
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Schnitzer Steel Industries, Inc. (Radius Recycling)
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 REMONDIS SE & Co. KG (TSR Recycling GmbH & Co. KG)
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 American Iron & Metal Company Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Donald Ward Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ferrous Scrap Recycling Market: Key Industry Highlights, 2018 and 2032
2. Global Ferrous Scrap Recycling Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Ferrous Scrap Recycling Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Ferrous Scrap Recycling Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Ferrous Scrap Recycling Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Ferrous Scrap Recycling Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Ferrous Scrap Recycling Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Ferrous Scrap Recycling Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Ferrous Scrap Recycling Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Ferrous Scrap Recycling Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Ferrous Scrap Recycling Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Ferrous Scrap Recycling Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Ferrous Scrap Recycling Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Ferrous Scrap Recycling Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Ferrous Scrap Recycling Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Ferrous Scrap Recycling Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Ferrous Scrap Recycling Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Ferrous Scrap Recycling Market Structure

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