The Benefits of Scrap Metal Recycling

Here at Credebt®, we support growing companies across several industries. Increasingly we are working with innovative new enterprises focusing on sustainability in energy and manufacturing. One company we have worked with supplies European manufacturers with recycled stainless steel from Asia.

Credebt® collaborated with this company to understand their business requirements and the value they provide their customers.

This team of experienced traders looked to build their recycled metal trading company in a way that allowed them to buy in greater quantities and offer the best price to their customers while retaining the necessary capital to expand their business. The growth potential in the scrap metal industry is almost unlimited.

Credebt® helps companies like this by facilitating immediate and flexible cash flow so they can focus their resources on core business objectives.

The recycled steel market is currently 655 million metric tonnes annually and is expected to exceed one billion in the next 10 years.

The metal recycling trade involves the collection, processing, and selling of metal scrap materials to be used in manufacturing new products. This process is crucial in reducing waste, conserving natural resources, and promoting sustainability in the metal industry.

Recycling steel helps to reduce greenhouse gas emissions because it requires less energy to melt and process scrap materials compared to producing metal from ore. This is a more cost-effective and environmentally friendly option for manufacturers.

Manufacturing using recycled materials contributes to the economy’s growth by creating job opportunities, increasing revenue streams, and promoting innovation in the metal industry. It fosters a circular economy where materials are reused and repurposed, leading to a more sustainable and efficient production process.

Metal recycling, especially of structural steel, ships, and used manufactured goods, such as vehicles and white goods, is a major industrial activity with complex networks of wrecking yards, sorting facilities, and recycling plants.

The scrap metal recycling trade ensures the production of high-quality steel products. By using recycled materials, manufacturers can maintain the integrity and performance of their products without compromising on quality or durability.

In conclusion, the scrap metal recycling trade is a vital component of the metal industry that promotes sustainability, conserves resources, and reduces environmental impact. By supporting and investing in the scrap recycling trade, we can create a more sustainable future for generations to come.