An abundance of waste – and ample demand for the raw material.
Worldwide, over 400 million tons of metal is recycled annually. It’s a business model that works, and satisfies every link in the chain. Naturally, that includes the Canadian marketplace, including metal recycling in Toronto. The recycling of ferrous and non-ferrous metal scrap provides vital stockpiles of secondary raw materials that will be used for the smelting of new metals. Technically, virtually all metal can be recycled, and in most cases, into high quality new metal.
Whether we’re talking about steel or copper, metal recycling benefits the environment, and creates cost benefits, not the least of which is saving energy. By using recycled raw materials, industries use less natural resources and less water, while they reduce CO2 emissions and substantially lessen water pollution. Metal recycling in Toronto, across Canada, and worldwide, is an industry unto itself - and with the kind of international market growth in places like China and India, the potential for export is ever growing.
The best news overall, is that recycled metals have achieved significant economic value, with scrap metals being very much in demand, and with less and less waste being sent to landfill. The waste has just become more valuable than ever. Today, many industrialized nations are actually producing more recycled scrap than they need domestically. Worldwide markets for ferrous scrap is forecasted for continued steady growth, creating excellent export opportunities for the Canadian recycling industry in general, and specifically for metal recycling in Toronto.