The future of alloy recycling and scrap metal usage is changing. Consumers and investors from around the world are demanding for more recycled content, which is widely available due to an abundance of scrap steel and aluminum.

It’s projected that the market will grow substantially in the next 20 years with an increased consumption on second-life products created from scrap.

Governments have been calling for a higher recycling rate even more in recent years. Policies and regulations have been developed to keep reusables out of landfills, but most recyclable material is still treated as waste. There is also a lack of encouragement to the private sectors in consuming the recyclable waste material.

Scrap metal is highly available, but is underutilized due to the inability to qualify scrap materials. On the other hand, a lack of a global objective for alloy recycling and usage of metal scrap has is gradually damaging the environment. Waste management laws have begun to change, increasing scrap separation and developing better methods of assessing the quality of metal. Another solution suggested by analysts is the inclusion of incentivising the wide-scale use and processing of high-quality metal scrap.

Increased processing of scrap metals and alloy recycling initiatives can be beneficial to the economy and the environment. The cost to process aluminum can be two times less than it is to process steel. Products created from scrap metal also has a much lower carbon footprint than products created from raw material. Industries may also be able to save billions of carbon tax dollars a year by lowering their carbon emissions by reusing scrap aluminum and steel. Although the demand for scrap consumption will increase in the next two decades, carbon emissions from creating products with scrap material is projected to be lower than the carbon footprint compared to today.

Contact Alnor Industries to begin benefiting from scrap metal and decrease your carbon footprint today.