Doubtlessly, the use of scrap metals sharply reduces operational expenses: while the cost of metal is reduced by eliminating the costs of implementing the preceding operations preparation of raw materials and smelting. In general, the capital intensity of using recycled metals is lower than the one from ore.
Energy saving issue in the production of metals represents particular importance in the context of the energy crisis, as most metals are obtained using energy-intensive metallurgical or electrochemical processes. Therefore, a scrap metal dealer involved in processing scrap metal can reduce energy consumption for aluminum by 94%, 83% for copper, 78% for zinc, 74% for steel and 64% for lead.
Currently, almost 100 % of steel, zinc, lead, magnesium, copper, silver and gold as well as 30-60 % of other metals is processed by scrap metal enterprises. Taking into consideration the technological imperfections and a huge field for improvement in scrap metal processing industry, this metallurgical branch will hold its positions tightly for long years to come.
Mentioned below are the main incentives and benefits of all the scrap metal types:
- A reduced need in natural resources extraction (which are seriously depleted by now)
- A broad range of environmental improvements
- A considerable reduction of fuel consumption needed to acquire raw materials
- A decrease in global metals scattering and dispersion
As noted above, the reuse of metals and alloys can be defined as recycling, since virtually the same metal can be used in production up to 100 times; and the fact is underlined taking into account the that metallurgical enterprises typically adopt direct recovery (meaning that the metals are returned for recycling within the workshop of the factory).