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 scrap 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 scrap sourcing, from finding potential to negotiating contracts and arranging logistics.
In August 2020, Tata Steel launches FerroHaat™ App for sourcing steel scrap. The new App is a major step by the Company to organize India’s scrap market while also providing a reliable source of scrap metal 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 scrap 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 scrap recycling facilities from environmental services and recycling company ALBA International Recycling. The deal involves 10 scrap yards located in the south of Germany, across three different companies, ALBA Electronics Recycling, ALBA Metall Süd Rhein-Main and ALBA Metall Süd.
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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.
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