Steel Scrap

Industrial Use Cases Steel Scrap is consumed across packaging, automotive, construction, electronics and industrial manufacturing. Mills, foundries and compounders source recycled steel scrap as a primary input to reduce energy use, virgin material costs and carbon emissions. Downstream applications include sheet, ingot, pellet, profile and component manufacturing.

Recycling Process The recycling process for steel scrap starts with collection and grading at source, followed by transport to a licensed facility. Material is then shredded, separated by density, magnetic and eddy-current sorting, and refined through smelting, washing or pelletizing. Quality control follows international standards (ISRI for metals, EN/ISO for plastics and fiber) and results in a certified secondary raw material ready for industrial reuse.

Commercial Value Commercial value of steel scrap depends on purity, contamination, moisture, geographical location and global commodity prices. London Metal Exchange (LME), ICIS and Shanghai indexes serve as benchmark references. Spreads versus virgin material, freight costs and tariffs determine the net realizable value for sellers and the landed cost for buyers.

Buyer Profile Typical buyers of steel scrap include integrated mills, smelters, foundries, compounders, recyclers, traders and end-product manufacturers. Through Global Resources Exchange, verified buyers from 50+ countries access curated lots with documented analytics, photos and logistics options.

Seller Profile Sellers of steel scrap range from municipalities and waste collectors to manufacturers, demolition contractors and large industrial groups generating production scrap. Our platform standardizes listings, automates quality scoring and matches sellers with the highest-value international buyers.