Steel Scrap Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031
Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031Coverage: 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 : Sep 2025
- Report Code : TIPRE00013399
- Category : Chemicals and Materials
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
AI overview of Steel Scrap Market
The Steel Scrap Market is poised for significant growth, with a projected market size reaching US$ XX million by 2031, following a CAGR of XX% from 2025 to 2031. This growth is driven by innovative recycling techniques and sustainable practices that are reshaping the industry. In 2024, the market size is estimated at US$ XX million, reflecting a robust demand for various grades of steel scrap, including shredded and busheling types. Key trends such as the adoption of AI in recycling processes and the circular economy's influence are transforming how steel scrap is sourced and utilized. Additionally, rising infrastructure projects are further fueling the expansion of the Steel Scrap Market, highlighting its critical role in eco-friendly construction and urban revitalization.
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.
- Get the Regional Specific Data for Steel Scrap Market
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
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
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.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Steel Scrap Market are:
- ArcelorMittal S.A.
- Baosteel Resources Co., Ltd.
- Commercial Metals Company
- Gerdau Ameristeel Corporation
- Maanshan Iron and Steel Company Limited
Disclaimer: The companies listed above are not ranked in any particular order.
- 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.
- 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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1. ArcelorMittal S.A.
2. Baosteel Resources Co., Ltd.
3. Commercial Metals Company
4. Gerdau Ameristeel Corporation
5. Maanshan Iron and Steel Company Limited
6. Metalico Inc.
7. Nucor Corporation
8. Oryx Stainless Group
9. Schnitzer Steel Industries Inc.
10. Steel Dynamics Inc.
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