The Metal Recycling industry in China grew an estimated 17.9% annually between 2009 and 2014 to about $53.89 billion. Although growth in the Chinese economy has being slowing down, rising urbanization has raised demand for industry products and services. In particular, large downstream markets like the construction, automobile, and equipment and machinery manufacturing sectors have developed rapidly and driven growth in the the Metal Recycling industry.
Profit levels declined in the past five years due to lower steel prices, a volatile metal market and an oversupply of scrap metal inputs.
Firms in the industry recycle metal and other waste into new usable raw materials. Commonly recycled metals include steel, copper, aluminum, zinc, lead, nickel and titanium. The typical recycling process involves sorting, shearing, shredding, torching and extracting.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.