Series: Scrap Metal Recycling
WHAT YOU NEED TO KNOW…
Metals can be recycled many, many times without their properties getting degraded. Recycling scrap metal helps both financially and environmentally. In this series, we’ve talked about the types of scrap metal, the recycling process, and now the benefits of giving metals a new life.
BENEFITS OF METAL RECYCLING
The reasons to recycle scrap metal are plenty. Here are several of the greatest benefits of scrap metal recycling:
- 1. CASH IN YOUR POCKET
First and foremost, there’s a financial incentive for recycling scrap metal, as you get paid for the materials you bring to a scrap yard. The pricing fluctuates based on market conditions and other factors. Your best bet is to reach out to us to learn what the day’s prices are.
- KEEPS HAZARDOUS WASTE OUT OF LANDFILLS
Primarily, the use of scrap metals conserves natural resources. In a landfill, aluminum and tin cans will stick around for decades. It can take as long as 50 years for a steel food can to decompose, and as long as 200 years for aluminum to break down. This isn’t as long as plastic bags or diapers, but it’s still quite a long time!
- SAVES ENERGY
Recycling scrap metal requires far less energy than the manufacturing of new products with virgin raw materials. With such high energy savings, consumers get cheaper products while greenhouse emissions drop, so it’s truly a win-win.
- SAVES BUSINESSES MONEY
Recycling scrap metal not only puts money in your wallet, but it also saves manufacturers money by allowing them to significantly reduce their production costs. For a manufacturer, the recycled metal is cheaper than newly mined metals. This savings is passed on to customers in the competitive marketplace with lower-priced consumer goods.
- CREATES JOBS
According to the Institute of Scrap Recycling Industries, the U.S. scrap recycling industry is a powerful economic engine that provides 531,510 jobs and generates nearly $13 billion in tax revenues across the country each year. The industry also contributes an important part to the U.S. trade stability because many US-based recycled products are exported to other countries. In comparison, sending the metal to the landfill requires much fewer workers, about 1 for every 6 employed.