Why Scrap Steel’s Demand Is So High

Scrap Steel Recyling

Why Scrap Steel’s Demand Is So High

It’s evident that the demand for scrap metal, especially steel, is high right now. The US Institute of Scrap Recycling Industries backs that information up with hard numbers. Over a decade ago, the organisation’s industry revealed that the industry processed 74 million metric tonnes of scrap steel. The value amounted to over $35 billion.

In Australia, the demand for scrap steel is also at an all-time high. According to data from the Australian Capital Territory (ACT) Government agency, 83% of all scrap steel is recycled. Now, you might wonder why the industry is doing so well. That’s what we’ll discuss in this article.

Recycling Scrap Steel Is Needed in Various Industries

The entire industry of recycling steel is engaged in collecting, processing and recycling scrap metal. What’s more, steel is in demand for use in manufacturing heavy machinery, including trains, ships and aeroplanes. Once scrap steel is procured, recycling companies sort, shear, shred and torch the material for further processing.

Scrap steel is used in manufacturing the following:

  • Boats
  • Wired telecommunication
  • Agricultural machinery
  • Subways, trains and automobiles
  • Missiles
  • Engines and parts
  • Aircrafts

Recycling Scrap Steel Is Necessary for Environmental Protection

Australia is one of the largest global producers of iron ore, which is where steel comes from. Mining raw metals like iron ore generates a significant amount of greenhouse gas emissions. Consequently, the process damages the wider natural environment. The impact grows further once industries start processing and transporting the ore.

It’s worth noting that significant amounts of energy, water and virgin resources are necessary when refining iron ore. If at the end of steel’s useful life, you discard it and do not recycle it, more ore must be mined to produce more steel. Besides, unrecycled scrap steel only ends up in landfills.

Meanwhile, you can recycle steel quite efficiently. In terms of tonnage, scrap steel is the most recycled metal in the world. It’s also worth noting that acquiring steel from discarded cans uses 75% less energy than mining iron ore.

Did you know that you can also recover steel from recycling mattresses? According to the ACT, on average, you can get 12.5g of steel from a mattress.

Recycle Scrap Steel and Earn Cash!

Become a part of the scrap steel recycling movement and earn money while doing it. These days, construction jobsites generate lots of waste, including discarded steel. Instead of throwing the material into a dumpster, you can commit to recycling scrap steel. You will be surprised to discover that you can gain a lot of value from what seems like disposable junk.

If you’re worried about the hassle of recycling scrap steel, you should partner with a trusted company like Allied Metal Recyclers. We have a team of experienced professionals who can manage all of your end-of-project metal scraps.

We all know that steel and other metals are in high demand. Despite that, we promise the best prices for your scrap metals.

To get the best price for your ferrous or non-ferrous materials, contact Allied Metal Recyclers today!