Are you a homeowner with sheet metal left over from your construction projects? Recognize the many benefits of sheet metal recycling.
The market for sheet metal has seen a lot of growth over the past decade. There are more applications for sheet metal than ever before, including aluminum, steel and stainless steel.
This is good news for the Scrap Metal Recycling Industry. They can also recycle sheet metal and have it recirculated in the economy when there is more demand.
This is especially true given recent tariffs on imported metal products. Many manufacturers are now choosing to source recycled products. There are signs that not enough sheet steel is being produced in the United States to meet the demand. This increases the value and need for recycled sheet metal.
Why is Sheet Metal Industry Growing?
In the past, manufacturing companies used to ship scrap overseas to reduce labor costs and then have it shipped back to the U.S. as a product.
This trend began to change when the United States of America and China intensified their trade war. New duties were imposed on a variety of products, including steel, from both countries.
Hence, sheet metal is so in high demand.
In recent years, sheet metal applications such as aluminum, steel and stainless steel have increased. Sheet metal is used extensively in industrial manufacturing. It has many different uses.
A booming economy is a great help. Due to the growth of the U.S. economy over the past six years with new construction and infrastructure improvements and an increased consumer demand, sheet metal has seen a significant increase in demand. This is especially true for aerospace, construction, and auto production.
Sheet metal is also an important component in heating, ventilation, and air-conditioning systems. With the increase in new construction, there have been increased growth opportunities in this area.
The U.S. economy is booming, and suppliers are able to sell almost everything they produce. Supply chains that recycle metal frequently have become an option for the manufacture of products.
The global sheet metal market is an important segment of Chemicals and Materials sector. This includes developing and processing raw materials and refining metals. Cold rolled plate, aluminum sheet metal, and stainless-steel sheet metal have all been used extensively in the manufacture of automobiles and aircraft.
This is true in all 50 states, as well as in Europe, China and Japan.
This industry’s growth could be a boon for scrap recyclers, especially as higher tariffs take effect. It will encourage more U.S. businesses to source recycled products and not import them.
Pricing is changing. A price quote from an American recycler can be a lot cheaper than buying the same product at a 25% premium from abroad. U.S. recycling companies are now able to meet increased demand for U.S.-made recycled products including sheet metals and other materials.
It is also a good thing that sheet metal markets have evolved over the past decade.
Today there are many ways to recycle scrap metal that would otherwise go for landfill. Recycling scrap metal has many benefits. It helps to protect the environment, keeps scrap from landfills and provides a cheaper product for manufacturers who are in search of new construction or production materials.
The booming economy is increasing the need for more metal, which is why there’s a need for more consumers and businesses to bring their used scrap to an experienced firm like NRI, which performs environmentally-friendly processing and recycling of all base and precious metals.