The world is getting more prone to environmental hazards each and every single day. This is a prime reason why the metal recycling industry is highly growing in demand these days. Today, a lot of people have become conscious of the environment.
Some of them also look for effective ways of conserving the natural resources of the earth and minimizing the number of toxic emissions and harmful pollutants. Recycling scrap metals is an effective way of fulfilling all these objectives.
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Apart from offering long-term benefits to the environment, metal recycling is certainly a cost-efficient alternative for manufacturing metals as compared to producing new ones. The cost of manufacturing a product from recycled materials is a lot less than that of virgin components. This is one of the reasons behind the popularity of the recycling industry.
Almost every man-made component can be recycled these days. Steel and iron are 2 of the most frequently recycled products these days. This market is booming day by day, thanks to its economic value as well as the host of environmental benefits. With recent technological advancements, smelting and refining a crude product and converting them to a useful grade have become a lot easier.
As per statistical data, more than about 65 million tonnes of iron and steel go under the chamber each and every year. More than 5 million tonnes of aluminum and 2 million tonnes of copper are recycled every year. So, the amounts of nonrecycled iron and steel will feel somewhere around 1.84 trillion cubic yards in a landfill. Each yard full of junks will yield about 30$ every year. Now, you can imagine the total amount of junk for sure.