PUNE, India, May 5, 2017 /PRNewswire/ --
The global scrap metal recycling market analyst says developing countries in Latin America such as Brazil, Mexico, Argentina, and Venezuela are expected to grow at a faster rate than the North American countries due to the favourable conditions that currently exist in Mexico, Brazil, and Canada for attracting capital investment projects. The shift in the manufacturing base may lead to higher consumption of scrap metal as serval countries in the region use the EAF process to produce steel, wherein scrap is the main input in steel production.
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According to the scrap metal recycling market report, globally, there has been a continuous increase in the demand for automobiles and consumer electronics, which is largely driven by the rising level of consumer spending. The overall demand for goods leads to steady economic growth and is accompanied by an increase in ancillary industries, thus showing good overall growth. Economic growth, in turn, has an impact on the confidence of the consumers, as positive economic conditions leads to the purchase of more goods, thus increasing industrial activities.
The following companies as the key players in the global scrap metal recycling market: ArcelorMittal, Nucor, OmniSource, and SIMS METAL MANAGEMENT. Other prominent vendors in the market are: AMERICAN IRON & METAL, Armco Metals Holdings, Aurubis, Commercial Metals, Ferrous Processing & Trading, Kuusakoski, PSC Metals, Schnitzer Steel Industries, SUNRISE METAL RECYCLING, TMS International, Upstate Metal Recycling, and WM. MILLER SCRAP IRON & METAL. Order a copy of Global Scrap Metal Recycling Market 2017-2021 research report at http://www.reportsnreports.com/purchase.aspx?name=976577.
Global Scrap Metal Recycling Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global scrap metal recycling market for 2017-2021. To calculate the market size, the report considers the revenue generated from scrap metal recycling.
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