- REPORT SUMMARY
- TABLE OF CONTENTS
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The main sources of stainless steel scrap are waste materials generated by industrial manufacturing and stainless steel processes, stainless steel equipment damaged and scrapped by long-term use, and stainless steel appliances used in daily life. They can only be reprocessed into other stainless steel products or products after being scrapped.
Influence of COVID-19 Outbreak on Stainless Steel Scrap Industry Development General Overview For the stainless steel scrap industry, the beginning of this year looks promising. However, the disease that was initially generally regarded as a "China problem" quickly evolved into a global pandemic, because the disease caused by the new coronavirus, COVID-19, has spread to almost every corner of the world in just a few months. The outbreak caused several stainless steel scrap companies around the world to come to a halt due to the decline in demand or as part of a lock-in measure to prevent further spread of the virus. Especially in the worst-hit areas of the United States, whenever workers test positive for the virus, the factory decided to close for at least two weeks. Therefore, these reasons have seriously affected the development of the stainless steel scrap market. The impact on the supply chain Scrap is all materials passively generated in stainless steel plants, such as scrapers in smelting plants, side and end cuts of coils in hot and cold rolling plants, or metal recovery units from wear debris. Usually, this type of scrap will be remelted internally within three months and will not leave the factory. According to the quantity and depth of downstream production levels, recyclable steel scrap accounts for approximately 12% of stainless steel production. Less stainless steel production results in less revert scrap available to the respective mills, but the direct impact on the global supply-demand balance for scrap will be limited. Scrap recovery stagnates or lasts for a long time Due to the outbreak and rapid deterioration of the epidemic, various localities have strengthened epidemic prevention measures, and continue to guide citizens in various places to reduce going out and strengthen traffic control to reduce population movements. This series of measures will directly lead to the obstruction of the recycling of stainless steel scrap. Different from the delays in the start of production companies, because the current stainless-steel scrap is still mainly from manual recycling, most of the recycling personnel will be afraid of contracting new pneumonia and stop scrap recycling, or will be unable to recycle due to traffic restrictions. Therefore, until the new type of pneumonia is effectively controlled or there are important breakthroughs in treatment, scrap recovery will continue to stagnate. Because scrap still needs a certain period from recycling to sorting and putting into use, if the epidemic is effectively controlled in the short term, stainless steel manufacturers will face a reduction in scrap supply, which will cause manufacturers to increase the amount of nickel ore/ferronickel, and further stimulate raw materials Tight supply has pushed up the price of nickel and stainless steel.
Cronimet USA is one of the major players operating in the Stainless Steel Scrap market, holding a share of 12.68% in 2020. Cronimet Corporation operates as recycler of stainless-steel scraps. The Company specializes in supplying scrap metal to stainless steel manufacturers, as well as processes high temperature alloys such as titanium and tungsten carbide products. The head office of ELG Metals, Inc. is located in Port Vue / McKeesport, PA approximately 12 miles southeast of Pittsburgh. Situated on a 27-acre site, the plant processes bulk Stainless Steels as well as all related Nickel-Chrome, Nickel-Chrome-Molybdenum alloys, Nickel-Copper, Nickel-Cobalt, Cobalt-Nickel, Tool Steels, Tungsten Carbide and Titanium products.
By application, the Heavy Industry segment occupied the biggest share from 2017 to 2022.
Drivers The rapid growth of the automotive industry has led to the growth of the stainless steel scrap market Due to the increasing requirements for safety and performance, efficiency, portability and strength, stainless steel has become the forefront of automotive design. Most of its materials are made of stainless steel scrap. Due to its cost-effective structural design, durability and efficiency, it has become the first choice for safety in the automotive industry. Due to its lightweight characteristics, stainless steel has been regarded as the main material for making fuel tanks. Therefore, the growing demand in the automotive industry is driving the demand for stainless steel scrap. Stainless steel products are completely replacing aluminum products and steel products Stainless steel products are completely replacing aluminum products and steel products, entering every corner of urban life. Including many public facilities such as bus shelters, waiting chairs, cast iron railings, and iron trunks are also turning into stainless steel products. Stainless steel has been closely related to people's lives, and has a trend of gradual development in small and medium cities and rural areas. In real estate construction, stainless steel is not only widely used in decoration, but also gradually entered the field of building structures. Stainless steel is also widely used in the manufacture of cars, rail vehicles and ships. Only 40-50 kilograms of high-grade stainless steel is used in the exhaust pipe of each car. It is needed in the manufacture of heavy manufacturing, petrochemical equipment and medical equipment. The use of stainless steel materials. All this has made the United States gradually become one of the world's largest sources of waste stainless steel. In the future, the domestic market for waste stainless steel will be huge. Green environmental protection materials In the current environment of implementing energy conservation, emission reduction and the development of circular economy, and insisting on the sustainable development of mankind, stainless steel is the most environmentally friendly material that meets these requirements. Stainless steel has become one of the materials with the highest recycling rate, which can be 100% recycled and reused. In theory, if the amount of scrap steel is sufficient, all stainless steel smelting can use scrap steel. At the same time, stainless steel has the lowest material consumption. It is the most outstanding stainless, corrosion-resistant, heat-resistant, and durable structural material in the current era and is widely used. This also drives the development of the stainless steel scrap market.
This report elaborates on the current development of the Stainless Steel Scrap industry thoroughly based on the international market dynamics and China's market situation.
For a start, the report provides an in-depth analysis of the current market situation through three different aspects - by region, by type and by application, which includes market distribution of different types and applications, import and export analysis of major regions, development trends of different types of products in each region, market opportunities and market restrains of different applications.
Secondly, this report lists the major players in the industry, displaying their market positions and strengths and weaknesses of their products, picturing the current competitive situation of the whole market.
Last but not least, the report analyzes and predicts the investment prospects and risks in the industry on the basis of industry data, combined with experts' opinions and suggestions.
By Player:
Cronimet USA
ELG Metals
Nucor Corporation
Steel Dynamics
Commercial Metals Company
Scrap Metal Services
Metalico
Schnitzer Steel Industries
Ferrous Processing & Trading
By Type:
Type 1
Type 2
Type 3
By Application:
Building & construction
Heavy Industry
Consumer goods
Automotive & transportation
Others
By Research Region:
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North China
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Central China
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South China
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East China
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Northeast China
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Southwest China
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Northwest China
TABLE OF CONTENT
Chapter 1 China Stainless Steel Scrap Market Overview 2018-2029
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1.1 China Stainless Steel Scrap Industry Development Overview
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1.2 China Stainless Steel Scrap Industry Development History
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1.3 China Stainless Steel Scrap Industry Market Size (2018-2029)
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1.4 China Stainless Steel Scrap Market Analysis by Type from Production Side
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1.4.1 China Stainless Steel Scrap Production Volume, Production Value and Growth Rate of Type 1 (2018-2029)
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1.4.2 China Stainless Steel Scrap Production Volume, Production Value and Growth Rate of Type 2 (2018-2029)
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1.4.3 China Stainless Steel Scrap Production Volume, Production Value and Growth Rate of Type 3 (2018-2029)
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1.5 China Stainless Steel Scrap Market Analysis by Application from Consumption End
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1.5.1 China Stainless Steel Scrap Sales Volume, Sales Value and Growth Rate of Building & construction (2018-2029)
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1.5.2 China Stainless Steel Scrap Sales Volume, Sales Value and Growth Rate of Heavy Industry (2018-2029)
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1.5.3 China Stainless Steel Scrap Sales Volume, Sales Value and Growth Rate of Consumer goods (2018-2029)
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1.5.4 China Stainless Steel Scrap Sales Volume, Sales Value and Growth Rate of Automotive & transportation (2018-2029)
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1.5.5 China Stainless Steel Scrap Sales Volume, Sales Value and Growth Rate of Others (2018-2029)
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1.6 China Stainless Steel Scrap Market Analysis by Region
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1.6.1 North China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
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1.6.2 Central China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
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1.6.3 South China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
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1.6.4 East China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
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1.6.5 Northeast China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
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1.6.6 Southwest China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
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1.6.7 Northwest China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
Chapter 2 China Stainless Steel Scrap Industry Development Environment
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2.1 Industry Development Environment Analysis
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2.1.1 Industry Technological Progress Analysis
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2.1.2 Industrial Organizational Innovation Analysis
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2.1.3 Changes in Social Habits
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2.1.4 Alterations in Government Policies
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2.1.5 Impact of Economic Globalization
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2.2 Domestic and Foreign Industry Competition Analysis
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2.2.1 Comparative Analysis on Stainless Steel Scrap Market Status and Competition at home and abroad in 2023
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2.2.2 China Stainless Steel Scrap Market Status and Competition Analysis in 2023
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2.2.3 China Stainless Steel Scrap Market Concentration Analysis in 2023
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2.3 Problems and Countermeasures in the development of China Stainless Steel Scrap Industry
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2.3.1 Industry Development Constraints
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2.3.2 Industry Development Considerations
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2.3.3 Suggestions on Industry Development Measures
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2.3.4 Development Strategies for SMEs
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2.4 Influence of COVID-19 Outbreak on Stainless Steel Scrap Industry Development
Chapter 3 Stainless Steel ScrapIndustry Chain Analysis
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3.1 Stainless Steel Scrap Industry Chain
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3.2 Stainless Steel Scrap Upstream Industry Analysis
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3.2.1 Upstream Industry Development Status
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3.2.2 Upstream Industry Development Forecast
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3.2.3 Impact of Upstream Industry on the Stainless Steel Scrap Market
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3.3 Stainless Steel Scrap Downstream Industry Analysis
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3.3.1 Downstream Industry Development Status
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3.3.2 Downstream Industry Development Forecast
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3.3.3 Impact of Downstream Industry on the Stainless Steel Scrap Market
Chapter 4 China Stainless Steel Scrap Market, by Type
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4.1 China Stainless Steel Scrap Market Trend, by Type
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4.2 Product Types of Major Suppliers
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4.3 Competitive Landscape of Major Types
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4.4 China Stainless Steel Scrap Total Production Volume and Growth Rate from Production Side
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4.5 China Stainless Steel Scrap Production Volume and Growth Rate, by Type
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4.5.1 China Stainless Steel Scrap Production Volume and Growth Rate of Type 1
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4.5.2 China Stainless Steel Scrap Production Volume and Growth Rate of Type 2
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4.5.3 China Stainless Steel Scrap Production Volume and Growth Rate of Type 3
Chapter 5 China Stainless Steel Scrap Market, by Application
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5.1 Downstream Market Overview
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5.2 Competitive Landscape of Major Applications
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5.3 Market Potential Analysis, by Application
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5.4 China Stainless Steel Scrap Total Market Size and Growth Rate from Consumption End
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5.5 China Stainless Steel Scrap Market Size and Growth Rate, by Application
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5.5.1 China Stainless Steel Scrap Market Size and Growth Rate of Building & construction
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5.5.2 China Stainless Steel Scrap Market Size and Growth Rate of Heavy Industry
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5.5.3 China Stainless Steel Scrap Market Size and Growth Rate of Consumer goods
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5.5.4 China Stainless Steel Scrap Market Size and Growth Rate of Automotive & transportation
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5.5.5 China Stainless Steel Scrap Market Size and Growth Rate of Others
Chapter 6 China Stainless Steel Scrap Market, by Region
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6.1 China Stainless Steel Scrap Production Volume and Production Value, by Region
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6.2 China Stainless Steel Scrap Sales Volume and Sales Value, by Region
Chapter 7 North China Stainless Steel Scrap Market Analysis
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7.1 North China Stainless Steel Scrap Market, by Type
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7.2 North China Stainless Steel Scrap Market, by Application
Chapter 8 Central China Stainless Steel Scrap Market Analysis
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8.1 Central China Stainless Steel Scrap Market, by Type
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8.2 Central China Stainless Steel Scrap Market, by Application
Chapter 9 South China Stainless Steel Scrap Market Analysis
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9.1 South China Stainless Steel Scrap Market, by Type
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9.2 South China Stainless Steel Scrap Market, by Application
Chapter 10 East China Stainless Steel Scrap Market Analysis
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10.1 East China Stainless Steel Scrap Market, by Type
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10.2 East China Stainless Steel Scrap Market, by Application
Chapter 11 Northeast China Stainless Steel Scrap Market Analysis
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11.1 Northeast China Stainless Steel Scrap Market, by Type
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11.2 Northeast China Stainless Steel Scrap Market, by Application
Chapter 12 Southwest China Stainless Steel Scrap Market Analysis
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12.1 Southwest China Stainless Steel Scrap Market, by Type
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12.2 Southwest China Stainless Steel Scrap Market, by Application
Chapter 13 Northwest China Stainless Steel Scrap Market Analysis
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13.1 Northwest China Stainless Steel Scrap Market, by Type
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13.2 Northwest China Stainless Steel Scrap Market, by Application
Chapter 14 Company Profiles
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14.1 Cronimet USA
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14.1.1 Cronimet USA Company Profile
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14.1.2 Cronimet USA Stainless Steel Scrap Market Performance
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14.1.3 Product&Service Introduction
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14.2 ELG Metals
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14.2.1 ELG Metals Company Profile
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14.2.2 ELG Metals Stainless Steel Scrap Market Performance
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14.2.3 Product&Service Introduction
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14.3 Nucor Corporation
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14.3.1 Nucor Corporation Company Profile
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14.3.2 Nucor Corporation Stainless Steel Scrap Market Performance
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14.3.3 Product&Service Introduction
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14.4 Steel Dynamics
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14.4.1 Steel Dynamics Company Profile
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14.4.2 Steel Dynamics Stainless Steel Scrap Market Performance
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14.4.3 Product&Service Introduction
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14.5 Commercial Metals Company
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14.5.1 Commercial Metals Company Company Profile
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14.5.2 Commercial Metals Company Stainless Steel Scrap Market Performance
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14.5.3 Product&Service Introduction
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14.6 Scrap Metal Services
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14.6.1 Scrap Metal Services Company Profile
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14.6.2 Scrap Metal Services Stainless Steel Scrap Market Performance
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14.6.3 Product&Service Introduction
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14.7 Metalico
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14.7.1 Metalico Company Profile
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14.7.2 Metalico Stainless Steel Scrap Market Performance
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14.7.3 Product&Service Introduction
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14.8 Schnitzer Steel Industries
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14.8.1 Schnitzer Steel Industries Company Profile
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14.8.2 Schnitzer Steel Industries Stainless Steel Scrap Market Performance
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14.8.3 Product&Service Introduction
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14.9 Ferrous Processing & Trading
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14.9.1 Ferrous Processing & Trading Company Profile
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14.9.2 Ferrous Processing & Trading Stainless Steel Scrap Market Performance
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14.9.3 Product&Service Introduction
Chapter 15 Research Conclusions and Investment Suggestions
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15.1 Stainless Steel Scrap Industry Research Conclusions
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15.2 Stainless Steel Scrap Industry Investment Suggestions
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15.2.1 Suggestions on Industry Development Strategy
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15.2.2 Suggestions on Industry Investment Direction
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15.2.3 Suggestions on Industry Investment Strategy
List of Tables and Figures
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Figure China Stainless Steel Scrap Industry Market Size (2018-2029)
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Figure China Stainless Steel Scrap Production Volume, Production Value and Growth Rate of Type 1 (2018-2029)
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Figure China Stainless Steel Scrap Production Volume, Production Value and Growth Rate of Type 2 (2018-2029)
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Figure China Stainless Steel Scrap Production Volume, Production Value and Growth Rate of Type 3 (2018-2029)
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Figure China Stainless Steel Scrap Sales Volume, Sales Value and Growth Rate of Building & construction (2018-2029)
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Figure China Stainless Steel Scrap Sales Volume, Sales Value and Growth Rate of Heavy Industry (2018-2029)
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Figure China Stainless Steel Scrap Sales Volume, Sales Value and Growth Rate of Consumer goods (2018-2029)
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Figure China Stainless Steel Scrap Sales Volume, Sales Value and Growth Rate of Automotive & transportation (2018-2029)
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Figure China Stainless Steel Scrap Sales Volume, Sales Value and Growth Rate of Others (2018-2029)
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Figure North China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
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Figure Central China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
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Figure South China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
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Figure East China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
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Figure Northeast China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
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Figure Southwest China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
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Figure Northwest China Stainless Steel Scrap Market Size and Growth Rate from 2018-2029
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Figure Stainless Steel Scrap Industry Chain
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Table Product Types of Major Suppliers in 2023
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Figure China Stainless Steel Scrap Market Share by Type in 2018
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Figure China Stainless Steel Scrap Market Share by Type in 2023
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Figure China Stainless Steel Scrap Total Production Volume and Growth Rate from Production Side (2018-2023)
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Figure China Stainless Steel Scrap Production Volume and Growth Rate of Type 1 (2018-2023)
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Figure China Stainless Steel Scrap Production Volume and Growth Rate of Type 2 (2018-2023)
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Figure China Stainless Steel Scrap Production Volume and Growth Rate of Type 3 (2018-2023)
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Figure China Stainless Steel Scrap Market Share by Application in 2018
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Figure China Stainless Steel Scrap Market Share by Application in 2023
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Figure China Stainless Steel Scrap Total Market Size and Growth Rate from Consumption End
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Figure China Stainless Steel Scrap Market Size and Growth Rate of Building & construction (2018-2023)
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Figure China Stainless Steel Scrap Market Size and Growth Rate of Heavy Industry (2018-2023)
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Figure China Stainless Steel Scrap Market Size and Growth Rate of Consumer goods (2018-2023)
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Figure China Stainless Steel Scrap Market Size and Growth Rate of Automotive & transportation (2018-2023)
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Figure China Stainless Steel Scrap Market Size and Growth Rate of Others (2018-2023)
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Table China Stainless Steel Scrap Production Volume by Region (2018-2023)
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Table China Stainless Steel Scrap Production Volume Share by Region (2018-2023)
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Figure China Stainless Steel Scrap Production Volume Share by Region (2018-2023)
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Table China Stainless Steel Scrap Production Value by Region (2018-2023)
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Table China Stainless Steel Scrap Production Value Share by Region (2018-2023)
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Figure China Stainless Steel Scrap Production Value Share by Region (2018-2023)
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Table China Stainless Steel Scrap Sales Volume by Region (2018-2023)
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Table China Stainless Steel Scrap Sales Volume Share by Region (2018-2023)
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Figure China Stainless Steel Scrap Sales Volume Share by Region (2018-2023)
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Table China Stainless Steel Scrap Sales Value by Region (2018-2023)
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Table China Stainless Steel Scrap Sales Value Share by Region (2018-2023)
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Figure China Stainless Steel Scrap Sales Value Share by Region (2018-2023)
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Table North China Stainless Steel Scrap Production Volume by Type (2018-2023)
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Table North China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Figure North China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Table North China Stainless Steel Scrap Sales Volume by Application (2018-2023)
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Table North China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Figure North China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Table Central China Stainless Steel Scrap Production Volume by Type (2018-2023)
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Table Central China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Figure Central China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Table Central China Stainless Steel Scrap Sales Volume by Application (2018-2023)
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Table Central China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Figure Central China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Table South China Stainless Steel Scrap Production Volume by Type (2018-2023)
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Table South China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Figure South China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Table South China Stainless Steel Scrap Sales Volume by Application (2018-2023)
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Table South China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Figure South China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Table East China Stainless Steel Scrap Production Volume by Type (2018-2023)
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Table East China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Figure East China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Table East China Stainless Steel Scrap Sales Volume by Application (2018-2023)
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Table East China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Figure East China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Table Northeast China Stainless Steel Scrap Production Volume by Type (2018-2023)
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Table Northeast China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Figure Northeast China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Table Northeast China Stainless Steel Scrap Sales Volume by Application (2018-2023)
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Table Northeast China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Figure Northeast China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Table Southwest China Stainless Steel Scrap Production Volume by Type (2018-2023)
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Table Southwest China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Figure Southwest China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Table Southwest China Stainless Steel Scrap Sales Volume by Application (2018-2023)
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Table Southwest China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Figure Southwest China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Table Northwest China Stainless Steel Scrap Production Volume by Type (2018-2023)
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Table Northwest China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Figure Northwest China Stainless Steel Scrap Production Volume Share by Type (2018-2023)
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Table Northwest China Stainless Steel Scrap Sales Volume by Application (2018-2023)
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Table Northwest China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Figure Northwest China Stainless Steel Scrap Sales Volume Share by Application (2018-2023)
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Table Cronimet USA Company Profile
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Table Cronimet USA Stainless Steel Scrap Revenue, Price and Gross (2018-2023)
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Table ELG Metals Company Profile
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Table ELG Metals Stainless Steel Scrap Revenue, Price and Gross (2018-2023)
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Table Nucor Corporation Company Profile
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Table Nucor Corporation Stainless Steel Scrap Revenue, Price and Gross (2018-2023)
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Table Steel Dynamics Company Profile
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Table Steel Dynamics Stainless Steel Scrap Revenue, Price and Gross (2018-2023)
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Table Commercial Metals Company Company Profile
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Table Commercial Metals Company Stainless Steel Scrap Revenue, Price and Gross (2018-2023)
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Table Scrap Metal Services Company Profile
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Table Scrap Metal Services Stainless Steel Scrap Revenue, Price and Gross (2018-2023)
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Table Metalico Company Profile
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Table Metalico Stainless Steel Scrap Revenue, Price and Gross (2018-2023)
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Table Schnitzer Steel Industries Company Profile
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Table Schnitzer Steel Industries Stainless Steel Scrap Revenue, Price and Gross (2018-2023)
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Table Ferrous Processing & Trading Company Profile
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Table Ferrous Processing & Trading Stainless Steel Scrap Revenue, Price and Gross (2018-2023)
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