Steel is the most recycled material in North America. According to the National Institutes of Health, recycling scrap metal may reduce greenhouse gas emissions by 200 million tons and use 40 percent less water. That’s why it is crucial to consider already recycled products for your manufacturing or industrial business in addition to recycling your scrap metals. These are not only great environmental choices but can be smart business decisions as well. Recycling industrial scrap metals and selling recycled products is something your consumers will be happy to hear about. It’s by far the more cost-effective way to manufacture compared to using raw ore. There’s a large supply of it in the industry right now, which can help reduce production costs. It’s a win-win for both businesses and consumers alike. Repeatedly recycling steel doesn’t harm the integrity or strength of the metal. In fact, 80 million + tons of steel are recycled each year in North America making it readily available.
Steel is Everywhere
Wondering if you have steel within your Phoenix business that could be recycled? Great news, it’s very easy to find. It’s found in food packaging, appliances, and paint cans. It’s also found in automobiles, among bridge construction materials, commercial and industrial projects, and pipelines. In 2014, about 100% of automobiles went into the recycling industry to be reused. 98% of structural steel, and 71% of reinforcement steel was recycled.
Current Steel Prices
Steel may not be the most lucrative metal out there to recycle, but it does add up quickly, especially within large manufacturing and industrial settings.
Current Average Steel Scrap Prices in Phoenix:
- Stainless Steel Scrap – 0.1/USD/LB
- 316 Stainless Steel Scrap (has an increased resistance to corrosion) – 0.6/USD/LB
- Stainless Steel, unclean – 0.15/USD/LB
- #1 HMS Scrap (heavy melting steel) – 0.09/USD/LB
- Motor Blocks Scrap – 120/USD/NT
- Prepared Steel Scrap – 120/USD/NT
(Prices change constantly, please call us for current pricing)
Learn more about steel recycling:
- https://www.nationalmaterial.com/steel-and-recycling-fun-facts/
- https://www.scrapmonster.com/scrap-yard/price/search
- https://earth911.com/business-policy/2018-ferrous-metal-recycling-sees-strong-growth/
Does your Phoenix area business create steel waste?
Give us a call and we’ll show you how you can efficiently recycle your scrap metal.
