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Metal Recycling Market Report 2011
Key Note Publications Ltd, June 2011, Pages: 134
After the torrid time the metal recycling industry experienced in 2009 as a result of the world economic recession, 2010 saw an exceptional revival in the industry, with the total market value growing by 56.2% to surpass pre-recession levels. This strong rebound proves how robust the metal recycling market is, and indicates its potential to form an even more significant part of the UK economy.
This Key Note Market Report is specifically concerned with the handling and selling of scrap, rather than its reprocessing into new metals. The market is firstly divided by ferrous and non-ferrous metals, including aluminium and copper, among others. The ferrous and aluminium sectors have both performed strongly in recent years, owing to both domestic and international demand.
The recession had an extreme affect on the metal recycling industry; as it is heavily reliant on other sectors, the fate of the metal industry will largely be the same as the metal recycling industry. Changes in the world economic makeup have also brought about significant changes to the industry. Exports make up a considerable proportion of the market and, with the growth and continued urbanisation in emerging markets, there is an increased demand for construction, manufactured goods and cars, i.e. an increased demand for metal and scrap metal to produce that metal.
There are growing concerns in the UK regarding legislative and ethical issues. As the recession deepened a market blossomed out of the illegal trade in stolen scrap metal; reports of church roofs being stripped for lead became widespread. There is also an issue regarding what scrap is eligible to be sold across borders. Some scrap may have too many pollutants in it to handle abroad or some economies’ recycling infrastructures may not be able to handle the extra capacity.
The future looks good for the metal recycling industry, as long as the recovery in the UK and world economy continues. Although it is a slow and perhaps fragile recovery, confidence is returning and this bodes well for the metal recycling industry, as this confidence will send ripples through the supply chain so that there is increased demand for scrap metal over the coming 5 years. The ever-growing economy of the People’s Republic of China (PRC) is also a strong indication that the market has good times to look forward to.
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