Why is Scrap Metal Recycling Important?

Scrap metal recycling is vital as in multiple recycling no change in the property of the metal. According to the American Iron and Steel Institute (AISI), steel scrap recycling is more important than other metals. Metal Waste and Recycling Market Report shows that scrap metal and recycling value is calculated at $272960 million in 2021, which is expected to increase to $322900 million at a Compound Annual Growth Rate (CAGR) of 2.4% from 2022-2028.

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