Ferrous Scrap Recycling Market Size, Share & Trends Analysis Report By Sector (Construction, Automotive, Consumer Goods, Industrial Goods), By Region (North America, Europe, Asia Pacific, Central & South America, MEA), And Segment Forecasts, 2025 - 2030

PUBLISHED: May 28, 2025

PAGES: 110 Pages

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The global ferrous scrap recycling market size is estimated to reach USD 192.6 million by 2030, registering a CAGR of 5.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Leading steel manufacturers are shifting from blast furnace to electric arc furnace (EAF) to reduce CO2 impact on the environment to reach global climate goals. This in turn is anticipated to fuel the demand for ferrous scrap in coming years.

The ferrous scrap recycling process follows the melting of metal scrap with a slag material to refine steel. The scrap metals are heated to get the rich iron liquid to form a slag layer for further use. Completely melted steel is tapped into a ladle for further processing on it.

According to EUROFER, more than 48% of the steel is produced using electric arc technology, and one hundred million tons of scrap was recycled in 2021 across the region. Thus, ferrous scrap plays a vital role in the production of steel in Europe. The increasing focus on energy efficiency and reduction in carbon emissions is expected to drive market growth.

In terms of volume, Germany held the largest share of 23.2% of the market across Europe in 2024 and is anticipated to expand at a significant CAGR over the forecast period. Shifting focus toward creating a sustainable and circular economy is anticipated to drive market growth in the country over the forecast period.

Ferrous constitutes a large share of the overall scrap generation owing to the consumption of steel in various end-use industries and the recovery rate from end products. Leading players are likely to deal with significant competition. According to the Japan Iron and Steel Federation, the recycling rate of steel in vehicles in the country ranges from 97% to 89%, and for steel cans, it is as high as 90% to 93.3%.

It is a highly competitive and unorganized market. There is a huge potential for growth in the metal recycling industry over the next few years. In 2021, major steel manufacturers adopted backward integration strategies. To ensure a steady supply of raw materials, these manufacturers acquired recycling centers and companies.

Ferrous Scrap Recycling Market Report Highlights:

On the basis of sector, the construction dominated the market, accounting for a revenue share of more than 45.0% of the global market and the automotive segment was the second-largest segment of the market in 2024.
The consumer goods sector segment is anticipated to grow at a CAGR of 6.8% over the forecast period, owing to the large-scale collection and recycling of scrap worldwide.
North America ferrous scrap recycling market holds the second largest regional segment globally, with a revenue share of over 29.8% in 2024.

Product Code: GVR-4-68038-830-5

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook

Chapter 3. Market Variables, Trends, and Scope

3.1. Global Ferrous Scrap Recycling Market Outlook
3.2. Value Chain Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Trends
  - 3.5.3.1. Economic Trends
  - 3.5.3.2. Trade Scenario
3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal

Chapter 4. Ferrous Scrap Recycling Market: Sector Estimates & Trend Analysis

4.1. Ferrous Scrap Recycling Market: Sector Movement Analysis, 2024 & 2030
4.2. Construction
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
4.3. Automotive
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
4.4. Consumer Goods
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
4.5. Industrial Goods
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)

Chapter 5. Ferrous Scrap Recycling Market: Regional Estimates & Trend Analysis

5.1. Regional Analysis, 2024 & 2030
5.2. North America
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.3. U.S.
  - 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
  - 5.2.3.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.4. Canada
  - 5.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
  - 5.2.4.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.5. Mexico
  - 5.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
  - 5.2.5.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)
5.3. Europe
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.3. Germany
  - 5.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
  - 5.3.3.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.4. France
  - 5.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
  - 5.3.4.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.5. UK
  - 5.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
  - 5.3.5.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)
5.4. Asia Pacific
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.3. China
  - 5.4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
  - 5.4.3.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.4. Japan
  - 5.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
  - 5.4.4.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.5. Australia
  - 5.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
  - 5.4.5.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)
5.5. Central & South America
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)
5.6. Middle East & Africa
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.6.2. Market estimates and forecasts, by sector, 2018 - 2030 (USD Million) (Kilotons)

Chapter 6. Competitive Landscape

6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Kraljic Matrix
6.3. Company Categorization
6.4. Heat Map Analysis
6.5. Vendor Landscape
- 6.5.1. List of Raw Material Suppliers
- 6.5.2. List of Distributors
- 6.5.3. List of Other Prominent Manufacturers
6.6. List of Prospective End Users
6.7. Strategy Mapping
6.8. Company Profiles/Listing
- 6.8.1. American Iron & Metal Company Inc.
  - 6.8.1.1. Company Overview
  - 6.8.1.2. Financial Performance
  - 6.8.1.3. Product Benchmarking
- 6.8.2. European Metal Recycling Ltd.
  - 6.8.2.1. Company Overview
  - 6.8.2.2. Financial Performance
  - 6.8.2.3. Product Benchmarking
- 6.8.3. Innovative Metal Recycling
  - 6.8.3.1. Company Overview
  - 6.8.3.2. Financial Performance
  - 6.8.3.3. Product Benchmarking
- 6.8.4. OmniSource, LLC
  - 6.8.4.1. Company Overview
  - 6.8.4.2. Financial Performance
  - 6.8.4.3. Product Benchmarking
- 6.8.5. Sims Limited
  - 6.8.5.1. Company Overview
  - 6.8.5.2. Financial Performance
  - 6.8.5.3. Product Benchmarking
- 6.8.6. SA Recycling LLC
  - 6.8.6.1. Company Overview
  - 6.8.6.2. Financial Performance
  - 6.8.6.3. Product Benchmarking
- 6.8.7. Schnitzer Steel Industries, Inc.
  - 6.8.7.1. Company Overview
  - 6.8.7.2. Financial Performance
  - 6.8.7.3. Product Benchmarking
- 6.8.8. Rudolf Schuy GmbH & Co. KG
  - 6.8.8.1. Company Overview
  - 6.8.8.2. Financial Performance
  - 6.8.8.3. Product Benchmarking
- 6.8.9. TSR Recycling GmbH & Co. KG
  - 6.8.9.1. Company Overview
  - 6.8.9.2. Financial Performance
  - 6.8.9.3. Product Benchmarking
- 6.8.10. Ward Recycling Ltd, Inc.
  - 6.8.10.1. Company Overview
  - 6.8.10.2. Financial Performance
  - 6.8.10.3. Product Benchmarking

Product Code: GVR-4-68038-830-5

List of Tables

Table 1 Ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 2 Ferrous scrap recycling market estimates and forecasts, by construction, 2018 - 2030 (USD Million) (Kilotons)
Table 3 Ferrous scrap recycling market estimates and forecasts, by automotive, 2018 - 2030 (USD Million) (Kilotons)
Table 4 Ferrous scrap recycling market estimates and forecasts, by consumer goods, 2018 - 2030 (USD Million) (Kilotons)
Table 5 Ferrous scrap recycling market estimates and forecasts, by industrial goods, 2018 - 2030 (USD Million) (Kilotons)
Table 6 North America ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 7 North America ferrous scrap recycling market estimates and forecasts, by sector, 2018- 2030 (USD Million)
Table 8 North America ferrous scrap recycling market estimates and forecasts, by sector, 2018- 2030 (Kilotons)
Table 9 U.S. ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 10 U.S. ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (USD Million)
Table 11 U.S. ferrous scrap recycling market estimates and forecasts, by sector 2018 - 2030) (Kilotons)
Table 12 Canada ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 13 Canada ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (USD Million)
Table 14 Canada ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (Kilotons)
Table 15 Mexico ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 16 Mexico ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (USD Million)
Table 17 Mexico ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (Kilotons)
Table 18 Europe ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 19 Europe ferrous scrap recycling market estimates and forecasts, by sector, 2018- 2030 (USD Million)
Table 20 Europe ferrous scrap recycling market estimates and forecasts, by sector, 2018- 2030 (Kilotons)
Table 21 Germany ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 22 Germany ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (USD Million)
Table 23 Germany ferrous scrap recycling market estimates and forecasts, by sector 2018 - 2030 (Kilotons)
Table 24 France ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 25 France ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (USD Million)
Table 26 France ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (Kilotons)
Table 27 UK ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 28 UK ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (USD Million)
Table 29 UK ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (Kilotons)
Table 30 Asia Pacific ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 31 Asia Pacific ferrous scrap recycling market estimates and forecasts, by sector, 2018- 2030 (USD Million)
Table 32 Asia Pacific ferrous scrap recycling market estimates and forecasts, by sector, 2018- 2030 (Kilotons)
Table 33 China ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 34 China ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (USD Million)
Table 35 China ferrous scrap recycling market estimates and forecasts, by sector 2018 - 2030) (Kilotons)
Table 36 Japan ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 37 Japan ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (USD Million)
Table 38 Japan ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (Kilotons)
Table 39 Australia ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 40 Australia ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (USD Million)
Table 41 Australia ferrous scrap recycling market estimates and forecasts, by sector, 2018 - 2030 (Kilotons)
Table 42 Central & South America ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 43 Central & South America ferrous scrap recycling market estimates and forecasts, by sector, 2018- 2030 (USD Million)
Table 44 Central & South America ferrous scrap recycling market estimates and forecasts, by sector, 2018- 2030 (Kilotons)
Table 45 Middle East & Africa ferrous scrap recycling market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 46 Middle East & Africa ferrous scrap recycling market estimates and forecasts, by sector, 2018- 2030 (USD Million)
Table 47 Middle East & Africa ferrous scrap recycling market estimates and forecasts, by sector, 2018- 2030 (Kilotons)