Scrap Metal Market

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Scrap or recycling metal marketplaces

The top ten industrial scrap or recycling metal marketplaces in the US based on their market share are Steel Dynamics, Sims Metal Management, Commerical Metals, Schnitzer, Alter Trading, Metalico, Upstate Shredding, PSC Metals, Omnisource, and DJJ.

Methodology and market share calculations

We began our research by going through industry reports to determine the top players in the scrap and recycling marketplace. From there, we looked at each company's revenue by going through the company's annual reports or through websites such as Owler and Hoovers. We then compared it to the market size of the US industrial scrap or recycling metal marketplaces to find each company's market share. The market size was procured through a US national security government reports for steel imports, which stated that the US scrap metal industry is currently valued at $117 billion. We used this to find each company's market share to determine the top companies withing the industry.
Steel Dynamics
  • Market Share: 11,800,000,000/117,000,000,000 = 0.100 or 10%
Sims Metal Management:
  • Market share: 5,100,000,000/117,000,000,000 = 0.043 or 4.3%
Commercial Metals
  • Market Share: 5,000,000,000/117,000,000,000 = 0.042 or 4.2%
Schnitzer
  • Market share: 2,400,000,000/117,000,000,000 = 0.020 or 2%
Alter Trading
  • Market share: $1600000000/$117,000,000,000 = 0.013 or 1.3%
Metalico
  • Market share: $251,800,000/$117,000,000,000 = 0.002 or 0.2%
Upstate Shredding
  • Market share: 100,000,000/117,000,000,000 = 0.0008 or 0.08% and 500,000,000/117,000,000,000 = 0.004 or 0.4%
PSC Metals
  • Market Share: 42,000,000/117,000,000,000 = 0.0003 or 0.03%
Omnisource
  • Market share: 41,900,000/117,000,000,000 = 0.0003 or 0.03%
David J Joseph
  • Market share: 33,300,000/117,000,000,000 = 0.0002 or 0.02%

Top Industrial scrap or industrial market places

STEEL DYNAMICS
SIMS METAL MANAGEMENT
COMMERCIAL METALS
  • Website: https://www.cmc.com/en/americas/home
SCHNITZER
  • Description: Schnitzer is located in Portland, Oregon and is involved in the recycling of ferrous and non-ferrous metals.

ALTER TRADING
  • Website: https://www.altertrading.com/

METALICO

UPSTATE SHREDDING
  • Description: Upstate Shredding is known under its sister company, Ben Weitsman & Son Inc., and conducts scrap metal recycling from is headquarters in Owego, New York.

PSC METALS
  • Description: PSC is located in Mayfield Heights, Ohio and is involved in the recycling of ferrous and non-ferrous metals.

OMNISOURCE
  • Description: OmniSource Corporation is located in Fort Wayne Indiana and is involved in the collection, processing, reselling, and trade of scrap and secondary metals in the United States.

DAVID J JOSEPH
Sources
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