Metal Recycling

2009 UK Market Report

Publication Date	September 2009
Publisher	Key Note
Product Type	Report
Pages	154
ISBN Number	not applicable
Product Code	KEY00186

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Summary

This Key Note Market Report examines the UK metal recycling market, which reached an estimated value of ??2.41bn in 2008. The volume of scrap metal consumed in 2008 stood at 5.6 million tonnes - 6.4% below the 2007 estimates, which were at their highest level since 2001 at just over 6 million tonnes. The negative growth in 2008 spelled the end of the run of a rising period of recycled metal sales, and the start of the recession in UK manufacturing output. In value terms, scrap metal consumption declined by 3% in 2008 from a 10-year high of ??2.49bn in 2007. Between 2004 and 2008, overall sales of scrap metal have increased significantly, boosted by the high rise in the value of scrap metal during this period, particularly in 2005 and 2006.

For the purposes of this report, the metal recycling market is divided into the broad categories of ferrous and non-ferrous metals. The ferrous metals sector comprises iron or steel, and the non-ferrous category includes six types of metal: aluminium (the largest non-ferrous subsector by volume), lead, copper, zinc, nickel and tin. The report also includes references to precious metals such as gold, silver, platinum and palladium.

Metal recycling has traditionally been one of the most profitable sectors of the recycling industry in the UK, with steel scrap having the highest recycling rate. The market has been driven by large-scale home recycling encouraged by local authorities that have pledged to meet the Government's set targets, and the metal producer schemes for steel cans and aluminium have made it easier to obtain metal for reprocessing. The UK has become a net exporter of metal scrap, boosted by strong demand for scrap metal in the People's Republic of China (PRC) and other Asian countries, as well as the weakness of sterling against the euro and dollar.

The recession in the UK and the global economic downturn in 2008 had a major effect on the UK and international metal recycling markets. Prices tumbled in 2008, with contracts cancelled and steel, aluminium and other metal producers shutting down excess capacity. This was in stark contrast to the previous year's buoyant conditions of high prices and demand for recycled metals.

The current recession in the UK is expected to have a continued negative impact on the metal recycling market well into 2009, before gradually recovering as key export markets such as the PRC begin to pick up. Three general factors lying outside the economic cycle that will have a strong influence on the market in the future are: increased adoption of newer and sophisticated metal recycling equipment; further environmental pressures to encourage people to recycle more metal; and EU and UK legislative changes to reduce barriers to UK exports of recycled metal and impose tighter controls on the metal recycling industry. Key Note forecasts that the market will contract by 12.5% by volume in 2009, but will increase by an overall 24.6% from 4.9 million tonnes to 6.1 million tonnes between 2009 and 2013.

Content

Foreword
Executive Summary
1. Market Definition
- REPORT COVERAGE
- MARKET SECTORS
- Ferrous Metal Scrap
- Non-Ferrous Metal Scrap
- Precious Metal Scrap
- Other Metals
- MARKET TRENDS
- Global Recession
- Scrapyards Shutting Down and Merging
- Metal Prices
- ECONOMIC TRENDS
- Population
- Gross Domestic Product
- Inflation
- Unemployment
- Household Disposable Income
- MARKET POSITION
- The UK
- Overseas
2. Market Size
- THE TOTAL MARKET
- BY MARKET SECTOR
- Ferrous Metals
- Non-Ferrous Metals
- Precious Metals
- OVERSEAS TRADE
- General Overview
- Imports
- Exports
3. Industry Background
- RECENT HISTORY
- NUMBER OF COMPANIES
- EMPLOYMENT
- REGIONAL VARIATIONS IN THE MARKETPLACE
- HOW ROBUST IS THE MARKET?
- LEGISLATION
- Waste Electrical and Electronic Equipment Directive
- Restriction of Hazardous Substances Directive
- End-of-Life Vehicles Directive
- UK Car Scrappage Scheme
- Packaging Waste Regulations
- Changes to Waste Licensing
- Illegal Trade in Scrap
- Other EU Legislation
- KEY TRADE ASSOCIATIONS
- Aluminium Alloy Manufacturing and Recycling Association
- Aluminium Federation
- Aluminium Packaging Recycling Organisation
- British Metals Recycling Association
- Bureau of International Recycling
- The European Confederation of Iron and Steel Industries
- European Ferrous Recovery and Recycling Federation
- European Metal Trade and Recycling Federation
- Institute of Scrap Recycling Industries
- International Copper Study Group
- International Lead and Zinc Study Group
- ITRI
- The London Metal Exchange
- Nickel Institute
- Steel Can Recycling Information Bureau
- World Steel Association
4. Competitor Analysis
- THE MARKETPLACE
- MARKET LEADERS
- Amalgamated Metal Corporation PLC
- AMG Resources Ltd
- CF Booth Ltd
- Celsa Manufacturing (UK) Ltd
- Corus UK Ltd
- Cronimet (Great Britain) Ltd
- ELG Haniel Metals Ltd
- European Metal Recycling Ltd
- Metal and Waste Recycling Ltd
- Mountstar Metal Corporation Ltd
- Novelis UK Ltd
- Sims Group UK Ltd
- Sita UK Ltd
- OTHER COMPANIES
- Alcan Aluminium UK Ltd
- Alcoa UK Holdings Ltd
- Hydro Aluminium UK Ltd
- Johnson Matthey PLC
- Thamesteel Ltd
- OUTSIDE SUPPLIERS
- MARKETING ACTIVITY
- Main Media Advertising Expenditure
- Exhibitions and Trade Shows
5. Strengths, Weaknesses, Opportunities and Threats
- STRENGTHS
- WEAKNESSES
- OPPORTUNITIES
- THREATS
6. Buying Behaviour
- INTRODUCTION
- CUSTOMER PROFILE
- Buyers of Ferrous Scrap
- Buyers of Non-Ferrous Scrap
7. Current Issues
- TECHNOLOGICAL DEVELOPMENTS
- Auto Shredder Residue Gasification
- Electric Arc Furnace Steelmaking
- Increased Use of Shredders
- EU Waste Directives
- The Internet
8. The Global Market
- WORLD FERROUS SCRAP CONSUMPTION
- GLOBAL ECONOMIC CRISIS AFFECTING WORLD SCRAP DEMAND
9. Forecasts
- INTRODUCTION
- The Economy
- FORECASTS TO
- MARKET GROWTH
- FUTURE TRENDS
- Changes in Technology
- Environmental Pressures
- EU and UK Legislation
10. Company Profiles
- INTRODUCTION
- DEFINITIONS
- Turnover (Sales)
- Pre-Tax Profit
- Profit Margin
- Average Remuneration
- Sales per Employee
- FURTHER INFORMATION
11. CORUS UK LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
12. ELG HANIEL METALS LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
13. EUROPEAN METAL RECYCLING LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Codes
- Structure
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
14. MOUNTSTAR METAL CORPORATION LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
15. NOVELIS UK LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
16. SIMS GROUP UK LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Codes
- Structure
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
17. Further Sources
- Associations
- Publications
- General Sources
- Government Sources
- Other Sources
- Key Note Sources
- Key Note Ltd
18. Key Note Research
19. The Key Note Range of Reports