Traditionally, scrap metal recyclers had one common goal: buying large quantities of metals to improve their mill positions and achieve optimum pricing. Today’s successful metal recyclers have found a way to turn ‘waste streams’ into ‘revenue streams’. A culture of innovation has these leaders
stepping outside the scrap metal box to differentiate themselves through charitable and social involvement coupled with environmental stewardship.
One part of the environmental assessment equation often overlooked is: where do the materials and metals used in manufacturing originate, and when obsolescence occurs, what is the final disposition? There have been some researchers and green activists who trace these steps only to conclude that waste is bad for the environment and recycling is good— but why?
Metal recycling has gained much momentum in today’s economy as all segments of business are looking for ways to reduce expenses and increase revenues. This has recently pushed metal and by-product recycling to the top of the list. As mentioned above, traditional scrap metal recycling programs were awarded to the highest per-pound bidder and waste to the lowest-cost vendor. This outdated procurement methodology increases the number of vendors a business must engage within their operating side. Redundancy essentially occurs within invoicing, material handling and overall supplier management.