Press release
Iron Recycling Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | ArcelorMittal, Nucor Corp., CMC, European Metal Recycling Ltd., Sims Ltd.
The global iron recycling market is anticipated to grow at a CAGR of 7.7% during the forecast period (2024-2031). The demand for iron and steel is rapidly growing with industrialization and population growth. Recycling iron ore reduces the resilience of virgin ore extraction and conserve the available for future generation. According to the American Iron and Steel Institute (AISI), steel made from iron is the most recycled material on the planet. Growth of the global iron ore market was supported by factors such as increasing production of crude steel, escalating urban population, upsurge in GDP, and accelerating consumer durables industry. By partnering in steel recycling, companies can collectively work toward reducing their carbon footprint and promoting sustainable practices. For instance,In April 2023, Johnson Controls launched a closed-loop steel recycling partnership program with Nucor in the US. Nucor will remelt the steel using electric arc furnace (EAF) technology, which generates approximately 75% less emissions than traditional blast furnace manufacturing. Digital platforms can streamline the entire process of iron sourcing, from finding potential to negotiating contracts and arranging logistics.
In August 2020, Tata Steel launches FerroHaat™ App for sourcing . The new App is a major step by the Company to organize India's market while also providing a reliable source of for the Steel Industry. The successful launch of FerroHaat™ underlines Tata Steel's commitment to fostering trust, transparency, and ease of doing business in the industry.
In April 2023, Anglo American and H2 Green Steel collaborate on green steelmaking. The alliance will see Anglo-Americans supplying iron ore in South Africa and Brazil to H2 Green Steel. The company's motive is to bring high-quality iron ore products to customers which focus on low-carbon iron and steelmaking.
In May 2022, ArcelorMittal acquired several steel recycling facilities from environmental services and recycling company ALBA International Recycling. The deal involves 10yards located in the south of Germany, across three different companies, ALBA Electronics Recycling, ALBA Metall Süd Rhein-Main and ALBA Metall Süd.
To Request a Sample of our Report on Iron Recycling Market: https://www.omrglobal.com/request-sample/iron-recycling-market
Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Type (Ore Concentration, Scrap)
By Production Technology
By End-User
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes ArcelorMittal, Nucor Corp., CMC, European Metal Recycling Ltd., Sims Ltd., and others.
A full Report of Iron Recycling Market is Available @ https://www.omrglobal.com/industry-reports/iron-recycling-market
Iron Recycling Market Report Segment
By Type (Ore Concentration, Scrap)
Automotive
Industrial Machinery
Consumer Electronics
Other (Aerospace and Defense)
By Production Technology
Basic Oxygen Furnace
Electric Arc Furnace
Open Hearth
By End Users
Building and Construction
Packaging,
Electronics & Electrical Equipment
Iron Recycling Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
AMG Resources Corp.
ArcelorMittal
Aurubis AG
Baosteel Group Corp.
Commercial Metals Co.
David J. Joseph Co.
Dowa Holding Co., Ltd.
European Metal Recycling Ltd.
Ferrous Processing & Trading Co.
Omnisource Corp.
PSC Metals
Schnitzer Steels Products
SIMS Metals Managements Ltd.
Tata Steel Ltd.
Tube City IMS LLC
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/iron-recycling-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Iron Recycling Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | ArcelorMittal, Nucor Corp., CMC, European Metal Recycling Ltd., Sims Ltd. here
News-ID: 3569392 • Views: …
More Releases from Orion Market Research

Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sust …
Hair accessories market was valued at $23.8 billion in 2024 and is projected to reach $55.2 billion in 2035, growing at a CAGR of 8.2% during the forecast period (2025-2035). Generation Z, with significant disposable income, is transforming the hair accessories category in a major way. Their close connection to trends creates a unique feeling of urgency to self-express through fashion, such as clips, scrunchies, and barrettes. It has become…

Railway Management System Market Size Analysis, Competitive Insights, Leading Pl …
Railway System (or Railway Management System) market was valued at approximately USD 28.28 billion, and it is expected to reach about USD 45.19 billion by 2033, growing at a CAGR of around 4.8% from 2024 to 2033.
Railway Management System Market Overview
The Railway Management System market includes technologies and systems used to plan, monitor, and manage railway operations-everything from traffic and signaling systems to asset and maintenance management, passenger information,…

Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Player …
Monocalcium Phosphate market was valued at about USD 4.2 billion, and it is anticipated to reach around USD 6.9 billion by 2033, growing at a CAGR of approximately 5% from 2023 to 2033.
Monocalcium Phosphate Market Overview
Monocalcium phosphate (MCP) is a calcium-phosphorus compound widely used in animal feed, fertilizers, and also in food and beverage applications (for example as leavening agent or acidity regulator), due to its solubility and bioavailability. The…

Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Player …
Automotive Lubricants Market was valued at approximately USD 70.44 billion. By 2033, it is expected to reach around USD 107.09 billion, growing at a CAGR of about 3.3% from 2025 to 2033.
Automotive Lubricants Market Overview
The automotive lubricants market consists of products like engine oils, gear oils, greases, hydraulic fluids, and transmission fluids that reduce friction, wear and tear, and improve efficiency and lifespan of vehicle components. Demand is driven by…
More Releases for Recycling
Wood Recycling Market May See a Big Move | Austin Wood Recycling, Fae Western, R …
Advance Market Analytics published a new research publication on "Wood Recycling Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Wood Recycling market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the report, request…
PVC Recycling Market Key Players are DS Smith, Adams Plastics, Reclaim Plastics, …
The PVC recycling market is projected to reach USD 4.9 billion by 2028, with a CAGR of 8.0% from USD 3.3 billion in 2023. Asia Pacific is home to several emerging economies with rapidly growing manufacturing sectors, which further drives the demand for PVC recycling. The region has experienced significant growth in the last decade and accounts for over a third of the world's GDP. The high economic growth, coupled…
Electronic Recycling Market Impressive Gains Including Key Players AERC Recyclin …
Electronic Recycling Market report is of huge importance when it is about building business strategy by identifying the high growth and attractive market categories. This report assists to design capital investment strategies based on forecasted high potential segments. With this market report, it becomes simple and easy to develop a competitive strategy based on the competitive landscape. Moreover, potential business partners, acquisition targets, and business buyers can be identified by…
Vehicle Recycling Market Tangential Growth Revenues by 2028| Westside Auto Recyc …
Vehicle Recycling Market is expected to thrive at a CAGR +5% by the life span of 2021-28.
Vehicle recycling is the dismantling of vehicles for spare parts. The vehicles are shredded and the metal content is recovered for recycling, while in many areas, the rest is further sorted by machine for recycling of additional materials such as glass and plastics.
In fact, cars are the most recycled item worldwide, with around 12…
Recycling Services Market Is Huge growth | Eurokey Recycling, Ltd., Northstar Re …
HTF Market Intelligence released a new research report of 104 pages on title 'Global Recycling Services Category - Procurement Market Intelligence Report’ with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and important players such as Eurokey Recycling, Ltd., Northstar Recycling, Triple M Metal LP,Amdahl Corporation, Interface, Inc., Battery Council International (USA), Epson, Inc.,Collins
Request a sample…
Global Electronic Recycling Market 2018-AERC Recycling Solutions (U.S.) Attero R …
The detailed research on Global Electronic Recycling Market reports offers a specific market study and outlook prospects of the market. The report helps the user to strengthen decisive power to plan their strategic moves to launch or expand their businesses by offering them a clear picture of this market. Electronic Recycling Industry provides the overview of growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable).…