Metal Recycling Market is expected to reach US$ 92.2 billion by 2031 | Major players - Gerdau S/A, Nucor, Commercial Metals Company

Market Size and Growth:

The Global Metal Recycling Market Size reached US$ 54.5 billion in 2022 and is expected to reach US$ 92.2 billion by 2031, growing with a CAGR of 6.8% during the forecast period 2024-2031. According to DataM Intelligence Report.

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The Metal Recycling Market refers to the industry focused on collecting, processing, and reusing waste metals such as steel, aluminum, copper, and other ferrous and non-ferrous materials. It involves activities like sorting, shredding, melting, and refining to convert waste metal into high-quality raw materials. This market supports resource conservation, reduces environmental impact, and lowers manufacturing costs across multiple industries.

United States: Recent Developments of Metal Recycling Market

✅ December 2025 - Aluminum recycling consolidation: Toyota Tsusho America completed the full acquisition of Radius Recycling in October 2025, with the deal highlighted in early December commentary as a step to strengthen its U.S. aluminum recycling footprint and secure long‐term waste supply for automotive and industrial customers.​

✅ November 2025 - Market outlook and capacity signals: Late‐November industry analysis indicated that the U.S. metal recycling market remained resilient entering Q4 2025, supported by new steel mill builds, expanded electric arc furnace capacity, and tighter regional waste markets that are encouraging recyclers to invest in upgraded processing and logistics.​

✅ September 2025 - New multimetal recycling plant start‐up: In late September 2025, Aurubis reached the commissioning milestone at its new Richmond, Georgia multimetal recycling smelter, an approximately USD 740-800 million project designed to process up to about 180,000 tons per year of complex waste streams such as printed circuit boards and copper cables, bolstering domestic recovery of strategic metals.​

Europe: Recent Developments of Metal Recycling Market

✅ November 2025 - Non‐ferrous growth focus: A November 2025 market insight highlighted strong growth in Europe's non‐ferrous metal recycling segment, driven by regulatory support for circular economy, rising demand from electric vehicles and renewables, and increasing reliance on recycled aluminum and copper to reduce energy use and emissions in manufacturing.​

✅ November 2025 - Equipment and capacity demand: Late‐November commentary on the Europe waste metal recycling equipment market noted robust 2025 demand for advanced shredding, sorting, and processing systems, reflecting ongoing investments by recyclers to handle higher recycling volumes and meet stricter quality specifications from downstream metal users.​

✅ September 2025 - Aluminum remelting investment call: In September 2025, a joint statement from European aluminum and packaging stakeholders called for investment in three to four new aluminum remelting plants in Europe-requiring roughly EUR 450-550 million-to unlock higher can‐to‐can recycling rates under forthcoming packaging and waste regulations.​

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Major Players:

Key companies in the Metal Recycling market include:

Gerdau S/A
Nucor
Commercial Metals Company
Steel Dynamics
Schnitzer Steel Industries, Inc.
River Metals Recycling
ArcelorMittal
Aurubis AG
Dowa Holdings Co. Ltd
Novelis Inc.

Market Growth Drivers:

✅ Urbanization and Industrialization: Rapid urban growth and industrial expansion increase metal demand for construction, infrastructure, and manufacturing, generating more waste and favoring cost-effective recycled metals over virgin ores.

✅ Stringent Environmental Regulations and Sustainability: Governments enforce rules on mining and waste, while rising awareness of resource depletion, circular economy, and CO2 reduction drives adoption of recycling to lower emissions and conserve resources.

✅ Demand from Key End-Use Industries: Growth in automotive (including EVs), construction, and consumer electronics boosts need for recycled metals, supported by economic benefits like energy savings and stable supply amid raw material volatility.

Segments Covered in the Metal Recycling Market:

By Metal: Ferrous Metals, Non-Ferrous Metals.

By Mode of Recycling: Shearing, Shredding, Baling, Torching, Crushing.

By End User: Automotive, Aerospace, Electrical and Electronic Equipment, Shipbuilding, Construction and Construction, Industrial Machinery and Products, Packaging Industry, Others.

Regional Analysis for Metal Recycling Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Metal Recycling market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Metal Recycling Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Metal Recycling market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Metal Recycling Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Metal Recycling market?

➠ Who are the global key manufacturers of the Metal Recycling Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Metal Recycling market opportunities and threats faced by the vendors in the global Metal Recycling Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Metal Recycling market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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