Scrap Metal Prices and Recycling Rates
In terms of volume, ISRI estimated that the United States
recycled 67 million metric tons of ferrous metal was recycled in the U.S in
2015. The largest source was provided by the 11 million automobiles which were
recycled.
While the volume of ferrous metals recovered is much
greater, nonferrous metals generate more industry revenue due to their greater
value, and as such are aggressively recycled.
Recovered nonferrous scrap, including aluminum, copper,
lead, nickel, tin, zinc and others, was valued at $32 billion in 2014,
generating a volume of 8 million metric tons.
The top categories of nonferrous scrap metal recovery in
2015 included:
- 5
million metric tons of aluminum
- 1.8
million metric tons of copper
- 1.2
million metric tons of lead
- 175,000
metric tons of zinc
- 622,000
metric tons of nickel/stainless steel
Scrap
Metal Prices is a very important measure in terms of landfill diversion.
Scrap metal has been recycled for thousands of years because it has been long
recognized as being a more efficient process than mining and processing new
ore.
Scrap
Metal Prices for metal is generally high,
due to its value. For example, ferrous metals have a recovery rate as follows:
- for
cars: 106 percent
- for
appliances: 90 percent
- for
steel cans: 66.8 percent
- for
structural steel: 98 percent
- for
reinforcement steel: 70 percent
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