U.S. Ferrous Scrap Recycling Market Size & Outlook
Global Market
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U.S. ferrous scrap recycling market highlights
- The U.S. ferrous scrap recycling market generated a revenue of USD 34,669.7 million in 2025 and is expected to reach USD 57,516.6 million by 2033.
- The U.S. market is expected to grow at a CAGR of 6.9% from 2026 to 2033.
- In terms of segment, construction was the largest revenue generating application in 2025.
- Consumer Goods 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 34,669.7 million |
| Market revenue in 2033 | USD 57,516.6 million |
| Growth rate | 6.9% (CAGR from 2026 to 2033) |
| Largest segment | Construction |
| Fastest growing segment | Consumer Goods |
| 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, U.S. accounted for 13.1% 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.
U.S. plays a significant role in the recycling market as steel is the most recycled material in the country. Recycling carries vital significance in the U.S. owing to its economic benefits as the industry creates jobs and helps to reduce carbon emission.
The positive government policy to reduce carbon emission is expected to drive the market growth of ferrous scrap recycling. For instance, in October 2021, the U.S. and EU announced to negotiate the world’s first carbon-based sectoral arrangement on steel and aluminum trade by 2024.
Together both the countries are working to restrict the entry of dirty steel and limit access to countries that dump steel in both the markets. This initiative is expected to boost production of steel through EAF, which is anticipated to positively influence the ferrous scrap recycling market.
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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 |
U.S. 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 47.81% in 2025.
Horizon Databook has segmented the U.S. ferrous scrap recycling market based on industrial goods, construction, consumer goods, automotive covering the revenue growth of each sub-segment from 2021 to 2033.
U.S. plays a significant role in the recycling market as steel is the most recycled material in the country. Recycling carries vital significance in the U.S. owing to its economic benefits as the industry creates jobs and helps to reduce carbon emission.
The positive government policy to reduce carbon emission is expected to drive the market growth of ferrous scrap recycling. For instance, in October 2021, the U.S. and EU announced to negotiate the world’s first carbon-based sectoral arrangement on steel and aluminum trade by 2024.
Together both the countries are working to restrict the entry of dirty steel and limit access to countries that dump steel in both the markets. This initiative is expected to boost production of steel through EAF, which is anticipated to positively influence the ferrous scrap recycling market.
- U.S. 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 U.S. Ferrous Scrap Recycling Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Ferrous Scrap Recycling Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
U.S. Ferrous Scrap Recycling Market, 2021-2033 (US$M)
U.S. ferrous scrap recycling market statistics, by application, 2021-2033 (Kilotons)
