Unveiling recycled metal industry trends with respect to the metal landscape: escalating demand for scrap metal processing to augment the industry expansion over 2018-2024

Riding on the hallmark of waste management, global recycled metal market has received a tremendous upsurge in the last couple of decades on account of the increasing awareness among regulatory bodies and metal companies regarding scrap metal recycling industry trends. Indeed, scrap recycling has now emerged as a pivotal trend across major industries in order to fulfil the goals of curbing landfill utilization, cost reduction, and efficient resource management. Recycling metals is also known to contribute to reducing waste, eliminating the destruction of habitats from mining operations, saving resources, and decreasing pollution, in consequence, generating a positive scenario of sorts for the expansion of recycled metal industry.

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