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Steel Recycling; Everything You Should Know


 

Steel is the most used metal across multiple industries. From the tallest skyscrapers to your everyday utensils in your kitchen– steel is the most versatile and most-used material in different industries all over the world.

Steel is an iron alloy– made up of a combination of metals and non-metals including carbon, iron and tin. Also, steel tops the list of north America’s most recycled material that is extremely good news as it related to the environmental impact and preservation of natural resources. Recycling Round Steel in Calgary has a financial imperative for its customers – not to mention the cost saved for those production side.

Different Types of Steel Recyclables; Steel Vs. Stainless Steel

There are multiple types of steel found in steel-based products including stainless steel. The ultimate difference between these two is the magnetic properties. Steel is a highly magnetized metal because it is a ferrous metal containing iron; whereas stainless steel contain iron and crystal structure must be ferritic.

Stainless steel known to resist corrosion and hold a higher melting point than steels. It is the reason to use the product in healthcare, food, automobile and construction industries. Both steel and stainless steel are recyclable however, it is still a valuable exercise to separate them for these potential differences and cost.

The Environmental Impact

Steel has an extremely high turnover rate of recycled product – in the steel and its byproducts. 69% Steel is recycled and the number grows while looking at the specific steel materials. Recycling Steel Round Stock in Calgary can save up to 75% of the overall energy used in production from raw materials. It surely has a huge benefit to save natural resources and prevent excess greenhouse gas emission.

Economic Impact

Any recycle material for production manufactures can drastically reduce the production cost. Steel allows for the use of completely reused materials instead going through the costly process of extracting raw ore from the ground.

The recycling process drives more job creation- producing more than 531000 jobs in scarp recycling and resulting in $110 billion in economic activity.

The Worth of Scrap Steel

Selling scrap metal is a lucrative investment for businesses, manufacturing and individuals. By practicing earth-saving recycling process you will be rewarded financially as well. In fact, many large business and manufacturing unit that produces steel as a byproduct can take advantage of selling-power of steel.

The average price of recycled steel is:
  • Stainless steel: $0.34/lb.
  • Shredded steel: $162/ton
  • Heavy melting steel: $187/ton
  • Rotors: $209/ton

Bottom Line

Working with experienced recyclers like Soyimang can contribute significantly to global move toward a healthy economic growth. In addition, by ensuring metal recycle, you can support economic growth, environmental preservation, positioning your business as a leader of sustainability.

If you embrace Metal Recycling, your company can enjoy cost saving, meet consumer demands for responsible practices and participate in environment-friendly practices. At Soyimang, we take pride in the cutting-edge technology to deliver superior recycling services while promoting sustainable construction practices as well. Consult with our team and let us support you for your upcoming project.

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