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Where To Look For Scrap Metal?
Metal recycling in Sydney is an ever-growing industry. But like any market, it experiences some upward and downward trends.
What Constitutes The Metal Recycling Industry In Sydney?
According To IBISWorld, The Sector Is Primarily Engaged In The Recovery Of Recycled Scrap Metal. This Includes Products, Services, And Activities Involved In:
• Ferrous scrap metal recycling
• Non-ferrous metal recycling
• Precious and other metal recycling
• Metal product manufacturing
What Should You Know About The Current State Of Metal Recycling In Sydney?
If you’re interested in getting into the metal recycling business, it’s important to understand the trends, opportunities, and challenges in the industry.
As of 2021, the Australian metal recycling industry is value about $2.4 billion. It’s still a sizeable industry, but it has actually contracted by 0.9% annually since 2016.
What has led to this steady decline in the last five years? Experts say that there has been a decrease in output volume from industry players, including issues in the manufacturing ...
... and construction sectors.
The COVID-19 pandemic also contributed to this decline. The health crisis has resulted in slower economic activity, negatively affecting exports and demand.
On top of the market decline, metal recycling is experiencing some challenges that industry players must overcome. One such challenge is the need for segregated waste, an issue that must be solved at an individual level.
For instance, Australia has three types of waste bins: red, yellow, and green. The yellow container is meant for recyclable waste, including aluminium products. Many people are still unaware of these rules. Plus, some items contain more than just one type of material. This poses a challenge for recyclers as they have to dismantle and sort according to regulations.
In addition, there is the case of electronic waste. Mobile phones, computers, and home appliances are slowly taking up landfills as they become more common. This is both good and bad for the recycling industry.
On the one hand, recycling e-waste is eco-friendly and cost-effective because recyclers can reclaim precious metals. However, on the other hand, advanced facilities are necessary for recyclers to keep up with the steadily increasing electronic waste, leading to more costs.
Fortunately, despite the current decline and the many challenges faced by metal recycling in Sydney, there are still numerous opportunities for the market to explore.
According to IBISWorld, the industry can still expand through exporting metals. From 2018-2019 alone, Australia generated over 5.6 million tonnes of scrap, resulting in a $29 billion revenue.
In addition, the Department of Agriculture, Water, and Environment (DAWE) states that Australia has been exporting an average of 2.40 million tonnes of scrap metal each year from 2017-2021.
Currently, the industry is taking steps to move to “greener” steel production, a transition that can effectively create more jobs, boost exports, and tackle climate change.
Want to get a start on metal recycling in Sydney? Consider selling your scraps to Metal Force Recycling!
We are a leading scrap metal merchant based in Fairfield East, paying the best prices possible for ferrous and non-ferrous metals thanks to our strong domestic and international partners. Give us a call at 0403 191 732 to learn more!
Metal Force Recycling is a licensed Scrap Metal & Car Removal company that has been in the business for over ten years now. Yasin Azimi, the Chief Operations Manager at Metal Force Recycling is a professional scrap metal merchant in Sydney; dealing in all types of scrap metals & car removal services. He tries to assist you with his years of expertise in paying the best possible cash for unwanted scrap metal and junk car removal. This company also offers reliable service, instant cash coupled with a transparent, and a hassle-free process. In addition, Yasin Azimi provides you with the best deals that you won't find in any other scrap metal & vehicle removal company!
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