Apr 29, 2022   SOURCE: BusinessWire

Global Iron & Steel Scrap Recycling Market Research Report 2022-2027: Focus on Cast Iron, Heavy Melting Steel, and Manganese Steel - Impacts of Ukraine/Russia Conflict - ResearchAndMarkets.com

The "Iron & Steel Scrap Recycling Market Research Report by Scrap Type (Cast Iron, Heavy Melting Steel, and Manganese Steel), Equipment, End User, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Iron & Steel Scrap Recycling Market size was estimated at USD 380.74 billion in 2021, USD 411.26 billion in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 8.19% to reach USD 610.71 billion by 2027.

In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.

Cumulative Impact of COVID-19:

The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:

We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States.

This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.

This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Iron & Steel Scrap Recycling market considering the current update on the conflict and its global response.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects.

It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others.

Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Iron & Steel Scrap Recycling Market, including

  • AMG Resources Corp.
  • Arcelormittal
  • Aurubis AG
  • Baosteel Group Corporation
  • Commercial Metals Co.
  • Commercial Metals Company
  • David J. Joseph Co.
  • Dowa Holdings Co., Ltd.
  • European Metal Recycling Limited
  • Ferrous Processing & Trading Co.
  • Hugo Neu Corp.
  • Metal Management Inc.
  • Nucor Corporation
  • OmniSource Corp.
  • PSC Metals
  • Remondis Se & Co. Kg
  • Schnitzer Steel Products
  • SIMS Metal Management Limited
  • Simsmetal America
  • Tata Steel Limited
  • Tube City

Market Dynamics

Drivers

  • Reduces the burden on landfill disposal facilities
  • Increased demand due to environmental friendly process
  • Government regulation and policies encourage processing & recycling of iron & steel scrap

Restraints

  • Unorganized metal waste collection in developing countries
  • Iron & steel scrap recycling saves cost by reducing need for mining

Opportunities

  • Development of innovative and sustainable solutions for iron & steel scrap recycling process
  • Rise in demand of recycled metal scrap in automotive industry

Challenges

  • Risk of quality variation due to recycling

Cumulative Impact of COVID-19

Cumulative Impact of 2022 Russia Ukraine Conflict

For more information about this report visit https://www.researchandmarkets.com/r/cgtkp7