Steel Scrap Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031

Coverage: Steel Scrap Market covers analysis by Grade (Shredded, No.1 busheling, Cut structural and plate, No.1 and electric furnace bundles, No.2 heavy metal steel and bundles, No.1 heavy metal, Turnings and borings, Slag, Others); Source (Home scrap, Prompt scrap, Obsolete scrap) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Report Date : Nov 2025
Report Code : TIPRE00013399

Category : Chemicals and Materials
Status : Upcoming

Available Report Formats :
No. of Pages : 150

Also Available in :

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Page Updated: Jul 2025

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Steel Scrap Market is expected to register a CAGR of XX% from 2025 to 2031, with a market size expanding from US$ XX Million in 2024 to US$ XX Million by 2031.

The report is categorized by Grade (Shredded, No.1 busheling, Cut structural and plate, No.1 and electric furnace bundles, No.2 heavy metal steel and bundles, No.1 heavy metal, Turnings and borings, Slag) and further analyzes the market based on Source (Home scrap, Prompt scrap, Obsolete scrap). A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.

The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.

Purpose of the Report

The report Steel Scrap Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Steel Scrap Market Segmentation

Grade

Shredded
No.1 busheling
Cut structural and plate
No.1 and electric furnace bundles
No.2 heavy metal steel and bundles
No.1 heavy metal
Turnings and borings
Slag

Source

Home scrap
Prompt scrap
Obsolete scrap

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Steel Scrap Market: Strategic Insights

Get Top Key Market Trends of this report.
This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Steel Scrap Market Growth Drivers

Innovative Recycling Techniques Boost Steel Scrap Demand
Sustainable Practices Drive Steel Scrap Industry Growth
Rising Infrastructure Projects Fuel Steel Scrap Market Expansion

Steel Scrap Market Future Trends

Steel Scrap Market Embraces AI for Efficient Recycling Processes
Circular Economy Drives Demand for Sustainable Steel Scrap Solutions
Urban Mining: Cities Become Key Players in Steel Scrap Supply Chain

Steel Scrap Market Opportunities

Revitalize Urban Spaces with Recycled Steel Scrap Solutions
Innovate Sustainable Construction Using Steel Scrap Materials
Transform Waste into Wealth: Steel Scrap for Eco-Friendly Products

Steel Scrap Market Regional Insights

The regional trends and factors influencing the Steel Scrap Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Steel Scrap Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Steel Scrap Market Report Scope

Report Attribute	Details
Market size in 2024	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2025 - 2031)	XX%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Grade Shredded No.1 busheling Cut structural and plate No.1 and electric furnace bundles No.2 heavy metal steel and bundles No.1 heavy metal Turnings and borings Slag By Source Home scrap Prompt scrap Obsolete scrap
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ArcelorMittal S.A. Baosteel Resources Co., Ltd. Commercial Metals Company Gerdau Ameristeel Corporation Maanshan Iron and Steel Company Limited Metalico Inc. Nucor Corporation Oryx Stainless Group Schnitzer Steel Industries Inc.

Steel Scrap Market Players Density: Understanding Its Impact on Business Dynamics

The Steel Scrap Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Get the Steel Scrap Market top key players overview

Key Selling Points

Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Steel Scrap Market, providing a holistic landscape.
Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Steel Scrap Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the Steel Scrap Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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