Mexico - North America Ferrous Scrap Recycling Market Size & Outlook
Global Market
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Mexico ferrous scrap recycling market highlights
- The Mexico ferrous scrap recycling market generated a revenue of USD 1,307.9 million in 2025 and is expected to reach USD 2,068.1 million by 2033.
- The Mexico market is expected to grow at a CAGR of 6.2% from 2026 to 2033.
- In terms of segment, construction was the largest revenue generating application in 2025.
- Automotive is the most lucrative application segment registering the fastest growth during the forecast period.
Ferrous scrap recycling market data book summary
| Market revenue in 2025 | USD 1,307.9 million |
| Market revenue in 2033 | USD 2,068.1 million |
| Growth rate | 6.2% (CAGR from 2026 to 2033) |
| Largest segment | Construction |
| Fastest growing segment | Automotive |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial Goods, Construction, Consumer Goods, Automotive |
| Key market players worldwide | European Metals Holdings Ltd, Sims Ltd, Schnitzer Steel Industries, American Iron & Metal, Innovative Metal Recycling, OmniSource Corporation, SA Recycling, Rudolf Schuy, TSR Recycling, Ward Recycling |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.5% of the global ferrous scrap recycling market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. ferrous scrap recycling market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 11,726.8 million by 2033.
Mexico is a net importer of ferrous scrap. Although the country's steel production is expanding, a shortage of ferrous scrap is expected to persist. According to Mexican Customs, from January to September 2021,
The import of ferrous scrap increased by 73% as compared with the same period in 2020. In 2021, Mexico’s ferrous scrap export fell by 25.6% to 534,514 tons between January and September 2021 from 718,216 tons in the same timeline in 2020.
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Publish Date: Jun 22, 2026
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Ferrous Scrap Recycling Market Scope
Ferrous Scrap Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| European Metals Holdings Ltd | View profile | 28,000 | 35 Outram Street, Level 3, West Perth, WA, Australia, 6005 | www.europeanmet.com |
| Sims Ltd | View profile | 4,000 | 189 O’Riordan Street, Suite 2, Level 9, Mascot, Sydney, NSW, Australia, 2020 | www.simsltd.com |
| Schnitzer Steel Industries | View profile | 1001-5000 | Portland, Oregon, United States, North America | www.schnitzersteel.com/ |
| American Iron & Metal | View profile | 1001-5000 | Montréal, Quebec, Canada, North America | aim-global.com |
| Innovative Metal Recycling | View profile | 101-250 | Krefeld, Nordrhein-Westfalen, Germany, Europe | www.imrecycling.de |
| OmniSource Corporation | View profile | 1001-5000 | Fort Wayne, Indiana, United States, North America | www.omnisource.com/ |
| SA Recycling | View profile | 1001-5000 | Orange, California, United States, North America | sarecycling.com |
| Rudolf Schuy | View profile | 51-100 | Limburg, Hessen, Germany, Europe | schuy.eu |
| TSR Recycling | View profile | 1001-5000 | Lünen, Nordrhein-Westfalen, Germany, Europe | www.tsr.eu/ |
| Ward Recycling | View profile | 251-500 | Woodville, Derbyshire, United Kingdom, Europe | www.ward.com |
Mexico - North America Ferrous Scrap Recycling Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Ferrous Scrap Recycling Market Outlook will help companies and investors design strategic landscapes.
Construction was the largest segment with a revenue share of 47.4% in 2025.
Horizon Databook has segmented the Mexico - North America ferrous scrap recycling market based on industrial goods, construction, consumer goods, automotive covering the revenue growth of each sub-segment from 2021 to 2033.
Mexico is a net importer of ferrous scrap. Although the country's steel production is expanding, a shortage of ferrous scrap is expected to persist. According to Mexican Customs, from January to September 2021,
The import of ferrous scrap increased by 73% as compared with the same period in 2020. In 2021, Mexico’s ferrous scrap export fell by 25.6% to 534,514 tons between January and September 2021 from 718,216 tons in the same timeline in 2020.
- Mexico - North America Ferrous Scrap Recycling Market Application Outlook (Revenue, USD Million , 2021-2033)
- Construction
- Automotive
- Consumer Goods
- Industrial Goods
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - North America Ferrous Scrap Recycling Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Ferrous Scrap Recycling Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Mexico - North America Ferrous Scrap Recycling Market, 2021-2033 (US$M)
Mexico ferrous scrap recycling market statistics, by application, 2021-2033 (Kilotons)
