Recycled Metal Market Booms: Turning Waste into Billions Amid Rising Green Demand 2025 | Top key players - Nucor Corporation, ArcelorMittal, Sims Metal Management Ltd..

As per the DataM Intelligence, The Global Recycled Metal Market reached US$ 2.5 bllion in 2023 and is expected to reach US$ 4.7 million by 2031, growing with a CAGR of 8.1% during the forecast period 2024-2031. Rising demand for sustainable materials, rapid industrialization, and strict environmental regulations driving recycling practices are key reasons for the market's growth.

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The Recycled Metal Market involves the collection, processing, and resale of waste metals, including steel, aluminum, copper, and others, recovered from end-of-life products or manufacturing waste. Driven by sustainability goals, cost efficiency, and regulatory policies, this market supports resource conservation, reduces environmental impact, and supplies raw materials to industries like construction, automotive, electronics, and packaging worldwide.

Recycled Metal Market Key Developments in USA:

➠ In March 2025, Toyota Tsusho America a U.S. subsidiary of the Japanese Toyota Tsusho Corp announced it will acquire Radius Recycling for $1.34 billion, paying approximately $30 per share, a nearly 120% premium. The deal is expected to close in the second half of 2025.

➠ In June 2025, the U.S. government raised import tariffs on aluminum from 25% to 50%. This led to a jump in the Midwest premium a key price benchmark to 62.5¢ per pound, equivalent to roughly $1,377/ton, with forecasts expecting it could climb to 70¢ per pound (~$1,543/ton).

Key Industry players in the Recycled Metal Market

The prominent players in Recycled Metal market research report are: Nucor Corporation, ArcelorMittal, Sims Metal Management Ltd., Commercial Metals Company, Schnitzer Steel Industries, Inc., Kuusakoski Group Oy, European Metal Recycling Ltd., Aurubis AG, Novelis Inc. and American Iron & Metal Co.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

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Market Segments

By Type: Ferrous Metal, Non-Ferrous Metal.

By Application: Construction, Automotive, Electronics and Electricals, Industrial Machinery, Others.

The Recycled Metal industry is experiencing rapid growth, driven by innovations in medical technology, rising demand for advanced therapies, and a stronger focus on patient-centered care. As the sector progresses, comprehensive market analysis becomes crucial for monitoring emerging trends, regulatory changes, and potential opportunities.

Regions Covered:

The global Recycled Metal Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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FAQs:

➠ What are the global figures for sales, production, consumption, imports, and exports in the Recycled Metal market?

➠ Who are the key players in the global Recycled Metal industry, and what is their operational performance in terms of capacity, output, sales, pricing, costs, and overall revenue?

➠ What opportunities and challenges are vendors facing in the global Recycled Metal market?

➠ Which product types or end-user applications are likely to experience the most growth? What is the market share of each segment?

➠ What are the main strategic approaches and limitations influencing the growth of the Recycled Metal market?

➠ What are the various sales, marketing, and distribution strategies used across the global Recycled Metal industry?

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