The scrap metal market is a subset of the metals and minerals industry. It involves the collection, sorting, and processing of scrap metal from industrial, commercial, and residential sources. This scrap metal is then sold to metal recyclers, who use it to produce new metal products. The scrap metal market is an important part of the metals and minerals industry, as it helps to reduce the need for new metal production and conserve natural resources. The scrap metal market is highly competitive, with many companies operating in the space. These companies include Sims Metal Management, Schnitzer Steel Industries, Commercial Metals Company, and Alter Trading Corporation. Show Less Read more
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