Steel Scr.ap Market 2022 Competitive Analysis, Statistics, Regional and Global Forecast to 2028

According to The Insight Partners' Latest Study on Steel Scr.ap Market Forecast to 2028 Focuses COVID-19 Impact and Global Analysis by Grade (Shredded, No.1 busheling, Cut structural and plate, No.1 and electric furnace bundles, No.2 heavy metal steel and bundles, No.1 heavy metal, Turnings and borings, Slag, Others); Source (Home Scr.ap, Prompt Scr.ap, Obsolete Scr.ap) and Geography

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Scr.ap is a recyclable material left over from product manufacturing and consumption, such as parts of vehicles, building supplies, and surplus materials. Unlike waste, Scr.ap has monetary value, mainly recovered metals, and non-metallic materials are also recovered for recycling. Steel Scr.ap consists of discarded steel or steel products, usually segregated by composition and size or 'grade' suitable for melting.

The market has witnessed a significant growth owing to factors such as increase in Scr.ap usage innovations. Moreover, the sector consists of homogeneous steel and Scr.ap from auto bodies, the augmented need of disposing such materials is expected to result in market growth during the forecast period. However, relatively high price is projected to hamper the overall growth of the market.

MARKET SEGMENTATION

The global market is segmented on the basis of grade and source. On the basis of grade, the global market is divided into shredded, No.1 busheling, cut structural and plate, No.1 and electric furnace bundles, No.2 heavy metal steel and bundles, No.1 heavy metal, turnings and borings, slag, and others. On the basis of application, the global market is divided into home Scr.ap, prompt Scr.ap, and obsolete Scr.ap.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the market in these regions.

MARKET PLAYERS

1. ArcelorMittal S.A.
2. Baosteel Resources Co., Ltd.
3. Commercial Metals Company
4. Gerdau Ameristeel Corporation
5. Maanshan Iron and Steel Company Limited
6. Metalico Inc.
7. Nucor Corporation
8. Oryx Stainless Group
9. Schnitzer Steel Industries Inc.
10. Steel Dynamics Inc.

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This release was published on openPR.