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Iron and steel scrap, also referred to as ferrous scrap, comes from many consumer and industrial products such as automobiles, steel structures, household appliances, railroad tracks, ships, farm equipment, and other sources.

Ferrous scrap is the most recycled material in the world. The U.S. Geological Survey estimates that 65 million metric tons (143 BILLION pounds) of iron and steel scrap was processed around the world in 2016.

Scrap is either distinguished as

  • Home scrap - It is the internally generated scrap during the manufacturing of the new steel products in the steel plants and the iron and steel foundries.
  • New scrap - New scrap (also called prompt or industrial scrap) is generated in steel-product manufacturing units and includes such items as turnings, clippings and stampings leftover when parts are made from iron and steel during the manufacturing processes.
  • Old scrap - Old or post-consumer scrap results when industrial and consumer steel products (such as automobiles, appliances, buildings, bridges, ships, cans, railroad coaches and wagons, etc.) have served their useful life.

Ferrous scrap usually includes

  • carbon steel scrap
  • Cast iron scrap
  • Stainless steel scrap

Various categories of carbon steel scrap include

  • heavy melting steel
  • number 2 heavy melting steel scrap
  • number 1 and number 2 hydraulic bundles
  • number 1 and number 2 busheling - prepared
  • plate and structural steel
  • hydraulic silicon bundles
  • number 1 bushelling (clips)
  • short shoveling steel turnings (crushed)
  • machine-shop turnings
  • mixed turnings and borings
  • cast iron borings
  • number 1 machinery - cast
  • mixed cast
  • number 1 and number 2 shredded scrap
  • briquetted steel turnings - alloy free
  • briquetted steel turnings - alloyed and
  • foundry steel etc.,

Secondary raw materials account for up to 50% of the world’s raw material needs

Recycling iron and steel saves:? 74% of energy, 86% of air pollution associated with primary production

Recycling saves over 500 million tonnes of CO2 emissions

Major importing countries of steel scrap in 2017, ranked by import volume (in 1,000 metric tons)


This statistic displays the major receiving countries for steel scrap in 2017, ranked by import volume. With imports totalling around 21 million metric tons

Major exporting countries of steel scrap in 2017, ranked by export volume (in 1,000 metric tons)


This statistic represents the major exporting countries of steel scrap in 2016, ranked by export volume. With steel scrap exports amounting to approximately 2.2 million metric tons.

What is the Scrap Metal Recycling Outlook for 2019?

Recycling is the first link in a global supply chain. Recycling scrap is :

  • environmentally friendly
  • preserves our natural resources
  • helps create jobs within the recycling industry and related fields
  • pumps money back into the economy

In 2019, the steel industry’s growing strength should definitely help the scrap recycling industry as well. The metal recycling market is projected to grow from $277 billion in 2015 to $406 billion by 2020 because of the strong global economy and the increasing rates of industrialization in many growing countries.

Mars Minerals Trading Agency meticulously follows the growth trends and assures to make trading of metal scrap effortless between their clients.

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