US Ferrous Scrap Recycling Market Size By Scrap Type (Heavy Melting, Shredded, Old Car Bodies), By Source (Industrial, Obsolete, Prompt), By Recycling Method (Electric Arc Furnace Recycling, Basic Oxygen Furnace Recycling), By End-User (Automotive, Construction, Manufacturing, Infrastructure Development), & By Geographic Scope And Forecast
Report ID: 268670|No. of Pages: 202
US Ferrous Scrap Recycling Market Size By Scrap Type (Heavy Melting, Shredded, Old Car Bodies), By Source (Industrial, Obsolete, Prompt), By Recycling Method (Electric Arc Furnace Recycling, Basic Oxygen Furnace Recycling), By End-User (Automotive, Construction, Manufacturing, Infrastructure Development), & By Geographic Scope And Forecast
US Ferrous Scrap Recycling Market Size And Forecast
US Ferrous Scrap Recycling Market size was estimated at USD 26935.62 Million in 2024 and is projected to reach USD 39890.78 Million by 2031, growing at a CAGR of 5.55% from 2024 to 2031.
- The ferrous scrap recycling industry in the United States is centered on the processing and reintroduction of iron and steel scrap metal back into the production cycle.
- This scrap metal originates from various sectors including construction, automobiles, and consumer goods.
- After collection and sorting, the scrap undergoes processing techniques like shredding or shearing to facilitate use in steel mills.
- It conserves natural resources by reducing reliance on virgin iron ore mining and lowers greenhouse gas emissions associated with steel production from scratch.
- The recycled steel itself finds application in a vast array of products like buildings, vehicles, and appliances.
US Ferrous Scrap Recycling Market Dynamics
The key market dynamics that are shaping the US ferrous scrap recycling market include:
Key Market Drivers
- Established Steel Production Infrastructure: The long-standing presence of a robust steel industry in the US has resulted in the consistent generation of large volumes of ferrous scrap. This readily available supply of scrap metal can be efficiently reintroduced back into the domestic steel production cycle.
- Environmental Regulations and Sustainability Focus: Increasingly stringent environmental regulations and a growing emphasis on sustainable practices incentivize the recycling of ferrous scrap. Landfilling this material is actively discouraged, promoting its reintegration into the production cycle.
- Economic Advantage of Scrap Metal Utilization: Utilizing scrap metal in steel production is demonstrably cost-effective. Compared to the extraction and processing of virgin iron ore, scrap metal offers a significant economic advantage, driving market growth.
- Advancements in Scrap Processing Technologies: The continual development of technologies for shredding, sorting, and processing ferrous scrap has significantly improved its quality and efficiency. This makes recycled scrap metal a more attractive and viable option for steelmakers, further solidifying the market’s dominance.
Key Challenges
- Fluctuating Scrap Metal Prices: The global market significantly influences the price of ferrous scrap. Instability in global supply and demand, economic conditions, and geopolitical events can cause these prices to swing wildly. This volatility creates uncertainty for both scrap collectors and steel mills, making it difficult for them to plan and budget effectively.
- Contamination and Sorting Inefficiencies: The presence of contaminants like non-ferrous metals, plastics, or residual oils in scrap metal can significantly reduce its quality and value. Inefficient sorting processes can lead to such contamination, requiring additional steps and specialized equipment to remove them. This adds to the overall processing cost and reduces profit margins for recycling facilities.
- Competition from Imported Scrap: The US ferrous scrap recycling market competes with readily available and sometimes cheaper scrap metal from other countries. Depending on global trade policies and logistics costs, imported scrap can become more attractive for steel mills, potentially diminishing demand for domestically recycled scrap.
Key Trends
- Growing Emphasis on Sustainability: Public and industry focus on environmentally responsible practices is leading to increased demand for recycled steel. This is prompting a rise in collection programs, infrastructure development, and consumer preference for products with recycled content.
- Evolving End-Use Industries: The growing electric vehicle (EV) market is expected to influence the type and composition of ferrous scrap generated. New technologies and lighter materials in EVs may necessitate adaptations in the scrap processing and sorting techniques used to maintain quality standards.
- Fluctuations in Global Trade: The US ferrous scrap recycling market is susceptible to global trade policies and metal pricing. Export restrictions or import tariffs on scrap metal can disrupt market stability and impact domestic availability for steel production.
- Technological Innovation: Advancements in automation, robotics, and artificial intelligence (AI) are expected to streamline the sorting and processing of ferrous scrap. This could lead to increased efficiency, reduced contamination rates, and the ability to handle more complex scrap streams.
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US Ferrous Scrap Recycling Market Regional Analysis
Here is a more detailed regional analysis of the US ferrous scrap recycling market:
- The US has a long history of steel production, resulting in a high volume of scrap metal generation, which is readily available and efficiently feeds the domestic steel industry.
- Strict regulations around waste disposal and environmental protection incentivize the recycling of ferrous scrap instead of landfilling it.
- Recycling ferrous scrap is driven by its cost-effectiveness compared to extracting and processing virgin iron ore.
- Market growth is driven by the economic benefit of using scrap metal in steel production.
- Technological advancements in shredding, sorting, and processing technologies improve the efficiency and quality of recycled scrap metal, making it a more attractive option for steelmakers. All this enables the region to hold a prominent market share.
US Ferrous Scrap Recycling Market: Segmentation Analysis
The US Ferrous Scrap Recycling Market is Segmented Based on Type, Source, Recycling Method, End-Users, and Geography.
US Ferrous Scrap Recycling Market, By Type
- Heavy Melting
- Shredded
- Old Car Bodies
Based on Type, the market is segmented into Heavy Melting, Shredded, and Old Car Bodies. Shredded scrap holds the highest market share in the US ferrous scrap recycling market. This is due to its versatility and ease of use in steel production facilities, making it a readily accepted and adaptable form of recycled metal.
US Ferrous Scrap Recycling Market, By Source
- Industrial
- Obsolete
- Prompt
Based on the Source, the market is bifurcated into Industrial, Obsolete, and Prompt. Industrial scrap, generated directly from manufacturing processes, holds the highest market share in the US ferrous scrap recycling market. This is due to its consistent supply, clean composition, and ease of processing, making it particularly valuable to steel mills.
US Ferrous Scrap Recycling Market, By Recycling Method
- Electric Arc Furnace Recycling
- Basic Oxygen Furnace Recycling
Based on the Recycling Method, the market is classified into Electric Arc Furnace Recycling and Basic Oxygen Furnace Recycling. Electric arc furnace (EAF) recycling holds the largest market share, attributed to the lower energy consumption and environmental benefits associated with EAFs compared to basic oxygen furnaces (BOFs). As a result, the steel industry is increasingly utilizing EAFs, driving demand for the scrap processed specifically for them.
US Ferrous Scrap Recycling Market, By End-Users
- Automotive
- Construction
- Manufacturing
- Infrastructure Development
Based on End-Users, the market is segmented into Automotive, Construction, Manufacturing, and Infrastructure Development. The construction sector holds the highest market share in the US ferrous scrap recycling market. This dominance is attributed to the generation of scrap metal from demolition activities and construction waste, with a rising trend due to a growing emphasis on sustainable building practices.
Key Players
The “US Ferrous Scrap Recycling Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as American Iron & Metal Company Inc., Schnitzer Steel Industries Inc., Sims Limited, OmniSource LLC, Nucor Corporation, Commercial Metals Company, ArcelorMittal, SA Recycling LLC, Innovative Metal Recycling, and Ward Recycling Ltd. Inc.
Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player’s financial statements, product benchmarking, and SWOT analysis. The competitive landscape section also includes key development strategies, market share analysis, and market positioning analysis of the players above globally.
US Ferrous Scrap Recycling Market Recent Developments
- In December 2021, Ferrous Processing and Trading Company was acquired by Steelmaker Cleveland-Cliffs (CLF) for $775M. By cutting out the intermediary and increasing profits for both Cleveland-Cliffs and its clients, the inclusion of FPT will allow quality scrap to be acquired directly from customers. FPT is regarded as one of the leading prime ferrous scrap processors and distributors in the United States, accounting for 15% of the domestic prime scrap market. With 22 scrap processing facilities in operation, FPT processes over 3 Million Tons of scrap annually. Over the previous year ending August 31, 2021, EBITDA of almost $100 million was generated by FPT.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | American Iron & Metal Company Inc., Schnitzer Steel Industries Inc., Sims Limited, OmniSource LLC, Nucor Corporation, Commercial Metals Company, ArcelorMittal, SA Recycling LLC, Innovative Metal Recycling, and Ward Recycling Ltd. Inc. |
| SEGMENTS COVERED | Type, Source, Recycling Method, End-Users, and Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
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TABLE OF CONTENTS
1 INTRODUCTION
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP-DOWN APPROACH
2.10 RESEARCH FLOW
2.11 DATA SOURCES
3 EXECUTIVE SUMMARY
3.1 UNITED STATES FERROUS SCRAP RECYCLING MARKET OVERVIEW
3.2 UNITED STATES FERROUS SCRAP RECYCLING ABSOLUTE MARKET OPPORTUNITY
3.3 UNITED STATES FERROUS SCRAP RECYCLING MARKET ATTRACTIVENESS, BY REGION
3.4 UNITED STATES FERROUS SCRAP RECYCLING MARKET ATTRACTIVENESS, BY TYPE
3.5 UNITED STATES FERROUS SCRAP RECYCLING MARKET ATTRACTIVENESS, BY SECTOR
3.6 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY TYPE (USD MILLION)
3.7 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY SECTOR (USD MILLION)
3.8 FUTURE MARKET OPPORTUNITIES
3.9 UNITED STATES MARKET SPLIT
4 MARKET OUTLOOK
4.1 UNITED STATES FERROUS SCRAP RECYCLING MARKET EVOLUTION
4.2 UNITED STATES FERROUS SCRAP RECYCLING MARKET OUTLOOK
4.3 MARKET DRIVERS
4.3.1 GROWING EMPHASIS ON SUSTAINABILITY THAT LEADS TO MORE USAGE OF SCRAP IN END-USE INDUSTRIES
4.3.2 INCREASING PREFERENCE FOR CRUDE STEEL PRODUCTION THROUGH THE ELECTRIC ARC FURNACE (EAF)
4.4 MARKET RESTRAINTS
4.4.1 HIGH PRODUCTION AND RECYCLING COSTS
4.5 OPPORTUNITIES
4.5.1 NEW OPPORTUNITIES FROM THE INCREASED CONSTRUCTION
4.5.2 URBANISATION LEADS TO THE GROWTH OF THE FERROUS METAL RECYCLING INDUSTRY
4.6 CHALLENGES
4.6.1 SORTING AND SEPARATING MATERIAL CAPABILITIES
4.6.2 LACK OF AWARENESS OVER SEGREGATION
4.7 IMPACT OF COVID-19 ON THE U.S. FERROUS SCRAP RECYCLING MARKET
4.8 PORTER’S FIVE FORCES ANALYSIS
4.8.1 THREAT OF NEW ENTRANTS
4.8.2 THREAT OF SUBSTITUTES
4.8.3 BARGAINING POWER OF SUPPLIERS
4.8.4 BARGAINING POWER OF BUYERS
4.8.5 INTENSITY OF COMPETITIVE RIVALRY
4.9 MACROECONOMIC ANALYSIS
4.10 VALUE CHAIN ANALYSIS
4.11 PRICING ANALYSIS
5 MARKET, BY TYPE
5.1 OVERVIEW
5.1 HEAVY MELTING STEEL
5.2 OLD CAR BODIES
5.3 CAST IRON
5.4 PRESSING STEEL
5.5 OTHERS
6 MARKET, BY SECTOR
6.1 OVERVIEW
6.2 CONSTRUCTION
6.3 AUTOMOTIVE
6.4 CONSUMER GOODS
6.5 INDUSTRIAL GOODS
7 MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.1.1 WEST
7.1.2 NORTH EAST
7.1.3 MID-WEST
7.1.4 SOUTH EAST
7.1.5 SOUTH WEST
8 COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPETITIVE SCENARIO
8.3 COMPANY MARKET RANKING ANALYSIS, 2021
8.4 COMPANY MARKET RANKING ANALYSIS, 2021
8.5 COMPANY INDUSTRY FOOTPRINT
8.6 ACE MATRIX
8.6.1 ACTIVE
8.6.2 CUTTING EDGE
8.6.3 EMERGING
8.6.4 INNOVATORS
9 COMPANY PROFILES
9.1 NUCOR CORPORATION (DAVID JOSEPH COMPANY (DJJ))
9.1.1 COMPANY OVERVIEW
9.1.2 COMPANY INSIGHTS
9.1.3 SEGMENT BREAKDOWN
9.1.4 PRODUCT BENCHMARKING
9.1.5 KEY DEVELOPMENTS
9.1.6 WINNING IMPERATIVES
9.1.7 SWOT ANALYSIS
9.2 STEEL DYNAMICS (OMNISOURCE CORP.)
9.2.1 COMPANY OVERVIEW
9.2.2 COMPANY INSIGHTS
9.2.3 SEGMENT BREAKDOWN
9.2.4 PRODUCT BENCHMARKING
9.2.5 KEY DEVELOPMENTS
9.2.6 SWOT ANALYSIS
9.2.7 WINNING IMPERATIVES
9.2.8 CURRENT FOCUS & STRATEGIES
9.2.9 THREAT FROM COMPETITION
9.3 COMMERCIAL METAL COMPANY
9.3.1 COMPANY OVERVIEW
9.3.2 COMPANY INSIGHTS
9.3.3 SEGMENT BREAKDOWN
9.3.4 PRODUCT BENCHMARKING
9.3.5 KEY DEVELOPMENTS
9.3.6 SWOT ANALYSIS
9.3.7 WINNING IMPERATIVES
9.3.8 CURRENT FOCUS & STRATEGIES
9.3.9 THREAT FROM COMPETITION
9.4 SIMS METAL MANAGEMENT INC.
9.4.1 COMPANY OVERVIEW
9.4.2 COMPANY INSIGHTS
9.4.3 SEGMENT BREAKDOWN
9.4.4 PRODUCT BENCHMARKING
9.4.5 KEY DEVELOPMENTS
9.4.6 SWOT ANALYSIS
9.4.7 WINNING IMPERATIVES
9.4.8 CURRENT FOCUS & STRATEGIES
9.4.9 THREAT FROM COMPETITION
9.5 SCHNITZER
9.5.1 COMPANY OVERVIEW
9.5.2 COMPANY INSIGHTS
2.11.3 SEGMENT BREAKDOWN 107
9.5.3 PRODUCT BENCHMARKING
9.5.4 KEY DEVELOPMENTS
9.5.5 SWOT ANALYSIS
9.5.6 WINNING IMPERATIVES
9.5.7 CURRENT FOCUS & STRATEGIES
9.5.8 THREAT FROM COMPETITION
9.6 ALTER TRADING CORPORATION
9.6.1 COMPANY OVERVIEW
9.6.2 COMPANY INSIGHTS
9.6.3 PRODUCT BENCHMARKING
9.7 EMR GROUP
9.7.1 COMPANY OVERVIEW
9.7.2 COMPANY INSIGHTS
9.7.3 PRODUCT BENCHMARKING
9.8 UPSTATE SHREDDING
9.8.1 COMPANY OVERVIEW
9.8.2 COMPANY INSIGHTS
9.8.3 PRODUCT BENCHMARKING
9.9 SA RECYCLING
9.9.1 COMPANY OVERVIEW
9.9.2 COMPANY INSIGHTS
9.9.3 PRODUCT BENCHMARKING
9.9.4 KEY DEVELOPMENTS
9.10 LOUISIANA SCRAP METAL
9.10.1 COMPANY OVERVIEW
9.10.2 COMPANY INSIGHTS
9.10.3 PRODUCT BENCHMARKING
9.10.4 KEY DEVELOPMENTS
9.11 AMERICAN IRON & METAL CO INC.
9.11.1 COMPANY OVERVIEW
9.11.2 COMPANY INSIGHTS
9.11.3 PRODUCT BENCHMARKING
9.11.4 KEY DEVELOPMENTS
9.12 CROWING RECYCLING
9.12.1 COMPANY OVERVIEW
9.12.2 COMPANY INSIGHTS
9.12.3 PRODUCT BENCHMARKING
9.13 COATSVILLE IRON AND METAL
9.13.1 COMPANY OVERVIEW
9.13.2 COMPANY INSIGHTS
9.13.3 PRODUCT BENCHMARKING
LIST OF TABLES
TABLE 1 PROJECTED REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE) OF KEY COUNTRIES
TABLE 2 THE U.S. FERROUS SCRAP RECYCLING MARKET AVERAGE PRICES BY PRODUCT TYPE (USD/TONS) REGION, 2021
TABLE 3 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 4 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY TYPE, 2020-2030 (KILO TONS)
TABLE 5 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY SECTOR, 2020-2030 (USD MILLION)
TABLE 6 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY SECTOR, 2020-2030 (KILO TONS)
TABLE 7 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY GEOGRAPHY, 2020-2030 (USD MILLION)
TABLE 8 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY GEOGRAPHY, 2020-2030 (KILO TONS)
TABLE 9 WEST FERROUS SCRAP RECYCLING MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 10 WEST FERROUS SCRAP RECYCLING MARKET, BY TYPE, 2020-2030 (KILO TONS)
TABLE 11 WEST FERROUS SCRAP RECYCLING MARKET, BY SECTOR, 2020-2030 (USD MILLION)
TABLE 12 WEST FERROUS SCRAP RECYCLING MARKET, BY SECTOR, 2020-2030 (KILO TONS)
TABLE 13 NORTH EAST FERROUS SCRAP RECYCLING MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 14 NORTH EAST FERROUS SCRAP RECYCLING MARKET, BY TYPE, 2020-2030 (KILO TONS)
TABLE 15 NORTH EAST FERROUS SCRAP RECYCLING MARKET, BY SECTOR, 2020-2030 (USD MILLION)
TABLE 16 NORTH EAST FERROUS SCRAP RECYCLING MARKET, BY SECTOR, 2020-2030 (KILO TONS)
TABLE 17 MID-WEST FERROUS SCRAP RECYCLING MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 18 MID-WEST FERROUS SCRAP RECYCLING MARKET, BY TYPE, 2020-2030 (KILO TONS)
TABLE 19 MID-WEST FERROUS SCRAP RECYCLING MARKET, BY SECTOR, 2020-2030 (USD MILLION)
TABLE 20 MID-WEST FERROUS SCRAP RECYCLING MARKET, BY SECTOR, 2020-2030 (KILO TONS)
TABLE 21 SOUTH EAST FERROUS SCRAP RECYCLING MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 22 SOUTH EAST FERROUS SCRAP RECYCLING MARKET, BY TYPE, 2020-2030 (KILO TONS)
TABLE 23 SOUTH EAST FERROUS SCRAP RECYCLING MARKET, BY SECTOR, 2020-2030 (USD MILLION)
TABLE 24 SOUTH EAST FERROUS SCRAP RECYCLING MARKET, BY SECTOR, 2020-2030 (KILO TONS)
TABLE 25 SOUTH WEST FERROUS SCRAP RECYCLING MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 26 SOUTH WEST FERROUS SCRAP RECYCLING MARKET, BY TYPE, 2020-2030 (KILO TONS)
TABLE 27 SOUTH WEST FERROUS SCRAP RECYCLING MARKET, BY SECTOR, 2020-2030 (USD MILLION)
TABLE 28 SOUTH WEST FERROUS SCRAP RECYCLING MARKET, BY SECTOR, 2020-2030 (KILO TONS)
TABLE 29 COMPANY MARKET RANKING ANALYSIS, 2021
TABLE 30 COMPANY INDUSTRY FOOTPRINT
TABLE 31 DAVID JOSEPH COMPANY (DJJ): PRODUCT BENCHMARKING
TABLE 32 NUCOR CORPORATION (DAVID JOSEPH COMPANY (DJJ)): KEY DEVELOPMENTS
TABLE 33 DAVID J. JOSEPH COMPANY (DJJ): WINNING IMPERATIVES
TABLE 34 STEEL DYNAMICS (OMNISOURCE CORP.): PRODUCT BENCHMARKING
TABLE 35 STEEL DYNAMICS (OMNISOURCE CORP): KEY DEVELOPMENTS
TABLE 36 STEEL DYNAMICS INC (OMNISOURCE CORP.): WINNING IMPERATIVES
TABLE 37 COMMERCIAL METAL COMPANY: PRODUCT BENCHMARKING
TABLE 38 COMMERCIAL METAL COMPANY.: KEY DEVELOPMENTS
TABLE 39 COMMERCIAL METALS CO.: WINNING IMPERATIVES
TABLE 40 SIMS METAL MANAGEMENT INC.: PRODUCT BENCHMARKING
TABLE 41 SIMS METAL MANAGEMENT INC.: KEY DEVELOPMENTS
TABLE 42 SIMS METAL MANAGEMENT INC: WINNING IMPERATIVES
TABLE 43 SCHNITZER: PRODUCT BENCHMARKING
TABLE 44 SCHNITZER: KEY DEVELOPMENTS
TABLE 45 SCHNITZER: WINNING IMPERATIVES
TABLE 46 ALTER TRADING CORPORATION: PRODUCT BENCHMARKING
TABLE 47 EMR GROUP: PRODUCT BENCHMARKING
TABLE 48 UPSTATE SHREDDING: PRODUCT BENCHMARKING
TABLE 49 SA RECYCLING: PRODUCT BENCHMARKING
TABLE 50 SA RECYCLING: KEY DEVELOPMENTS
TABLE 51 LOUISIANA SCRAP METAL: PRODUCT BENCHMARKING
TABLE 52 LOUISIANA SCRAP METAL: KEY DEVELOPMENTS
TABLE 53 AMERICAN IRON & METAL CO INC.: PRODUCT BENCHMARKING
TABLE 54 AMERICAN IRON AND METAL CO INC.: KEY DEVELOPMENTS
TABLE 55 CROWING RECYCLING: PRODUCT BENCHMARKING
TABLE 56 COATSVILLE IRON AND METAL: PRODUCT BENCHMARKING
LIST OF FIGURES
FIGURE 1 FLUCTUATING PRICES OF IRON ORE ANNUALLY
FIGURE 2 UNITED STATES FERROUS SCRAP RECYCLING MARKET SEGMENTATION
FIGURE 3 RESEARCH TIMELINES
FIGURE 4 DATA TRIANGULATION
FIGURE 5 MARKET RESEARCH FLOW
FIGURE 6 DATA SOURCES
FIGURE 7 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY TYPE (USD MILLION)
FIGURE 8 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY SECTOR (USD MILLION)
FIGURE 9 FUTURE MARKET OPPORTUNITIES
FIGURE 10 WEST REGION & HEAVY MELTING STEEL SEGMENT DOMINATED THE MARKET IN 2021
FIGURE 11 UNITED STATES FERROUS SCRAP RECYCLING MARKET OUTLOOK
FIGURE 12 IMPACT OF COVID-19 ON THE U.S. FERROUS SCRAP RECYCLING MARKET VALUE, 2020-2030
FIGURE 13 IMPACT OF COVID-19 ON THE U.S. FERROUS SCRAP RECYCLING MARKET VOLUME, 2019-2030
FIGURE 14 PORTER’S FIVE FORCES ANALYSIS
FIGURE 15 THE U.S. FERROUS SCRAP RECYCLING MARKET AVERAGE PRICE (USD/TONS) BY REGION, 2021
FIGURE 16 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY TYPE
FIGURE 17 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY SECTOR
FIGURE 18 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY GEOGRAPHY, 2020-2030 (USD MILLION)
FIGURE 19 UNITED STATES FERROUS SCRAP RECYCLING MARKET, BY GEOGRAPHY, 2020-2030 (KILO TONS)
FIGURE 20 WEST MARKET SNAPSHOT
FIGURE 21 NORTH EAST MARKET SNAPSHOT
FIGURE 22 MID-WEST MARKET SNAPSHOT
FIGURE 23 SOUTH EAST MARKET SNAPSHOT
FIGURE 24 SOUTH WEST MARKET SNAPSHOT
FIGURE 25 KEY STRATEGIC DEVELOPMENTS
FIGURE 26 COMPANY MARKET SHARE ANALYSIS, 2021
FIGURE 27 ACE MATRIX
FIGURE 28 NUCOR CORPORATION (DAVID JOSEPH COMPANY (DJJ)): COMPANY INSIGHT
FIGURE 29 NUCOR CORPORATION (DAVID JOSEPH COMPANY (DJJ)): BREAKDOWN
FIGURE 30 DAVID J. JOSEPH COMPANY (DJJ): SWOT ANALYSIS
FIGURE 31 STEEL DYNAMICS (OMNISOURCE CORP): COMPANY INSIGHT
FIGURE 32 STEEL DYNAMICS (OMNISOURCE CORP.).: BREAKDOWN 2021
FIGURE 33 STEEL DYNAMICS (OMNISOURCE CORP).: SWOT ANALYSIS
FIGURE 34 COMMERCIAL METAL COMPANY: COMPANY INSIGHT
FIGURE 35 COMMERCIAL METAL COMPANY: BREAKDOWN 2021
FIGURE 36 COMMERCIAL METALS CO.: SWOT ANALYSIS
FIGURE 37 SIMS METAL MANAGEMENT INC.: COMPANY INSIGHT
FIGURE 38 SIMS METAL MANAGEMENT INC.: BREAKDOWN 2021
FIGURE 39 SIMS METAL MANAGEMENT INC.: SWOT ANALYSIS
FIGURE 40 SCHNITZER: COMPANY INSIGHT
FIGURE 41 SCHNITZER: BREAKDOWN 2021
FIGURE 42 SCHNITZER: SWOT ANALYSIS
FIGURE 43 ALTER TRADING CORPORATION: COMPANY INSIGHT
FIGURE 44 EMR GROUP: COMPANY INSIGHT
FIGURE 45 UPSTATE SHREDDING: COMPANY INSIGHT
FIGURE 46 SA RECYCLING: COMPANY INSIGHT
FIGURE 47 LOUISIANA SCRAP METAL: COMPANY INSIGHT
FIGURE 48 AMERICAN IRON & METAL CO INC.: COMPANY INSIGHT
FIGURE 49 CROWING RECYCLING: COMPANY INSIGHT
FIGURE 50 COATSVILLE IRON AND METAL: COMPANY INSIGHT
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All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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