Scrap metals are considered to be waste products intended to be processed in order to enter the manufacturing cycle over again. The trend of growing interest in scrap metals is booming not only in Europe and the United States; Turkey, India, China and dozens of other countries are actively buying scrap metal in huge volumes. The explanation is pretty easy to find: scrap metal is way much cheaper than raw iron or copper.
Honestly, the Eastern and Western attitudes towards scrap metals processing are fundamentally different. Therefore, Europeans nourish interest in maintaining free trade of scrap: import and export rates are currently on the crest of a wave here. Since a savvy European scrap metal dealer is interested in searching for prospective opportunities, the number of imported and exported scrap is typically close to be equal. This indicates a high stability of the market and progressive development of market relations.
Western European countries sell scrap in many other countries: Turkey, the Netherlands, Austria, Switzerland and nearly 30 states more to be mentioned. In Germany, France and the UK scrap metal is consumed in higher volumes in comparison with raw minerals. By the way, Germany is the European leader in scrap metal harvesting and processing, as well as export.
In accordance with a research, carried out in the University of Brussels, European dumps will store almost four billion tons of ferrous metal in the coming 25 years. The lion’s share of this volume will be comprised of cars. Scientists forecast that over the 25 years the number of the vehicles produced will outperform the number of cars ever produced before. The consumption boom, according to experts, will naturally be more noticeable in more developed economies.