A review of the UK metals recycling industry

Abstract

This paper reviews the volatile nature of the price of recycled metals over the past decade and examines legislative and fiscal drivers that have affected the industry. Results from this study have shown that the UK scrap metals markets are presently seeing some of the lowest scrap prices for nearly a decade for both ferrous and non-ferrous metals, in many cases halving in value in less than a year. Scrap metals and other recycled materials prices were high in 1994-96, which have since fallen back to more traditional low levels. World recessions and the steady decline of the UK manufacturing and engineering sectors have effected prices. With tougher new Government legislation, such as the Climate Change Levy and the proposed End of Life Vehicles Directive, small and medium sized scrap merchants are finding it increasingly difficult to compete.