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2025-07-09 Economy
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Why Metal Recyclers Are Optimistic About Tariffs
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[Epoch Times] The recycled metals industry is growing domestically and internationally, in part fueled by the rapid expansion of construction and automotive manufacturing. Now, tariffs may be giving it a boost.
Buyers may be reluctant to pay higher prices on imported metals if recycled materials offer similar quality. "That shift creates a baseline demand for recycled metals that didn’t exist before .... Businesses are treating domestic supply like insurance against future supply chain shocks," Schmied said.
Generally, when scrap metal is sorted and purified by a recycling company, the metal is melted down and recast—made into rolls, ingots, or sheets—depending on the type of metal and its intended purpose. After this process, recycled metals can be sold to manufacturers for use in new products. This can be done with significantly less expense than mining new, unprocessed elements.
This is news?
| You’re right. Olds it is. |
U.S. companies imported $1.31 billion in scrap aluminum in 2024—mostly from Canada and Mexico—according to the Observatory of Economic Complexity (OEC) with data sourced from public customs records.
The United States is also a major exporter of scrap metals, with $3.98 billion in scrap aluminum exports in 2024—mostly to India, Thailand, Malaysia, and South Korea—according to OEC data. Scrap iron exports amounted to $6.46 billion in the same year.
Interesting.
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Posted by Bobby 2025-07-09 00:00||
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