The global ferrous scrap recycling market size was approximately USD 75.61 Billion in 2025. The market is assessed to grow at a CAGR of 7.40% between 2026 and 2035, reaching a value of USD 154.39 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
7.4%
Value in USD Billion
2026-2035
*this image is indicative*
| Global Ferrous Scrap Recycling Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 75.61 |
| Market Size 2035 | USD Billion | 154.39 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 7.40% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 8.5% |
| CAGR 2026-2035 - Market by Country | India | 9.8% |
| CAGR 2026-2035 - Market by Country | China | 8.2% |
| CAGR 2026-2035 - Market by Type | Heavy Melting Steel | 8.3% |
| CAGR 2026-2035 - Market by End Use | Construction | 8.4% |
| Market Share by Country 2025 | UK | 3.4% |
Ferrous scrap recycling refers to the process of sorting, shredding, media separation, shearing, and baling of ferrous products, namely, iron and steel, used in a host of equipment and appliances like refrigerators, cans, vehicles, and many others. Ferrous scrap metal (having iron as its primary constituent) is recycled by melting down items like cans, pipes, and appliances to create new steel products. It helps end user industries save costs and energy, by enabling them to utilise waste materials effectively. Steel made from recycled scrap also helps in reducing carbon emissions. Today numerous industries use recycled steel, including construction, automobile, and packaging to cut costs and improve performance.
The EMR’s report titled “Ferrous Scrap Recycling Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Breakup by Type
Breakup by End Use
Breakup by Region
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global ferrous scrap recycling market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Sims Ltd. was founded in 1917 and is headquartered in Australia. It is a global leader in metal recycling and provides circular solutions for technology and renewable energy. It operates through its three different business divisions, which includes lifecycle services, metal, and resource renewal. It is present in more than 14 countries worldwide and has more than 260 facilities across the world.
European Metal Recycling Ltd. was founded in 1994 and is headquartered in Warrington, United Kingdom. They source scrap metal from various sources and recycle it by relying on environmentally friendly practices, which contributes to sustainable resource management. They have a global presence and rank as one of the topmost metal manufacturers in the world.
OmniSource, LLC, was founded in 1943 in Indiana, United States. It is one of North America’s largest processors, distributors, and managers of scrap and secondary metals. Its primary collection and processing facilities are concentrated in the Midwest, the South, and the Mid-Atlantic regions of the United States. Its national brokerage and trading operation provides market information to both buyers and sellers which helps them in optimising transaction value.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other ferrous scrap recycling market players include SA Recycling LLC, Barna Steel S.A. (CELSA Group), Jansen Recycling Group BV, Schnitzer Steel Industries, Inc. (Radius Recycling), REMONDIS SE & Co. KG (TSR Recycling GmbH & Co. KG), American Iron & Metal Company Inc., and Donald Ward Ltd., among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 75.61 Billion.
The market is estimated to grow at a CAGR of 7.40% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach a value of around USD 154.39 Billion by 2035.
The market is being driven by the increasing focus on lowering the reliance on finite sources and reducing the wastage of iron and steel, the rising concerns about climate change, and the adoption of proper waste management practices around the globe.
The key trends aiding the market expansion include the rise of circular economy systems, anticipated increase in advanced recycling technologies, and the increasing importance and applications of recycled steel in diverse industries.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major end users of ferrous scrap recycling are construction, automotive, shipbuilding, equipment manufacturing, and consumer appliances, among others.
The key players in the market are Sims Ltd., European Metal Recycling Ltd., OmniSource, LLC, SA Recycling LLC, Barna Steel S.A. (CELSA Group), Jansen Recycling Group BV, Schnitzer Steel Industries, Inc. (Radius Recycling), REMONDIS SE & Co. KG (TSR Recycling GmbH & Co. KG), American Iron & Metal Company Inc., and Donald Ward Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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