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The steel scrap market is an integral part of the iron and steel industry. It is a secondary market, where scrap steel is collected, sorted, and recycled into new steel products. Steel scrap is generated from a variety of sources, including manufacturing, construction, demolition, and end-of-life products. The scrap is then processed and melted down to create new steel products. The steel scrap market is a key component of the iron and steel industry, as it helps to reduce the amount of raw materials needed to produce new steel products.
The steel scrap market is highly competitive, with a number of companies operating in the space. Some of the major players include Sims Metal Management, Schnitzer Steel Industries, Commercial Metals Company, and OmniSource Corporation. Show Less Read more
