Scrap Metal Recycling in Australia - Industry Market Research Report

Scrap Metal Recycling in Australia - Industry Market Research Report

Scrap Metal Recycling in Australia

Operators in the Scrap Metal Recycling industry have faced mixed conditions in recent years. Declining activity in the Construction division and disruptions to the Manufacturing division have limited industry demand. Additionally, volatile conditions in international markets, partially due to the COVID-19 pandemic, have contributed to volatile export demand. Nevertheless, a sharp rise in the world price of steel over the period has greatly supported the industry, lifting revenue. Moreover, climbing government support for domestic recycling capabilities has benefited the industry. Overall, industry revenue has been rising at an annualised 1.8% over the five years through 2023-24, to $4.26 billion. This trend includes an anticipated 8.7% decrease in the current year, primarily due to an expected fall in the world price of steel

Industry firms are primarily engaged in the recovery of recycled scrap metal. Recovery involves the manufacture of scrap metal into new, usable material or products. Commonly recycled metals include steel, copper, aluminium, zinc, lead, nickel and titanium.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."