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Washington, DC – The Institute of Scrap Recycling Industries, Inc (ISRI), today released 2010 scrap recycling industry facts and market trends that show a thriving industry that has grown 40 percent since 2009 in terms of monetary value – despite the lingering effects of the global recession.
In releasing the statistics, ReMA President Robin Wiener noted that recycling goes far beyond the bin at the edge of the curb. In fact, in 2010 alone, more than 130 million metric tons of scrap metal, paper, plastic, glass, textiles, rubber and electronics, valued at more than $77 billion, were manufactured into specification grade commodities by the scrap recycling industry in the United States for sale as valuable feedstock material to industrial consumers in the United States and in more than 155 countries around the world. These recycled commodities:
ISRI Chief Economist and Commodities Director Joe Pickard said that the US-based scrap recycling industry is a sophisticated, capital-intensive industry that employs approximately 110,000 workers in the United States. As the first link in the manufacturing supply chain, scrap recycling has been integral to the US economy, global trade and resource sustainability for more than 200 years, he added.
ISRI also detailed the volume of scrap recycling material annually processed by commodity from 2009 to 2010 (note some years are differentiated):
Volume of Scrap Material Processed Annually:
Iron and Steel: Up to 74,000,000 from 70,000,000 Paper: Up to 46,800,000 from 45,400,000 Aluminum: Down to 4,600,000 from 4,700,000 Copper: Up to 1,900,000 from 1,700,000 Lead: Down to 1,200,000 from 1,300,000 Zinc: Up to 160,000 from 150,000 Plastic (bottles): Down to 654,220 (2009) from 658,390 (2008) Electronics: Up to 3,500,000 from 1,800,000 Tires (number of tires): Up to 90,000,000 from 80,000,000
ISRI’s Wiener said, “The facts speak for themselves. Recycling is going strong and going green – no question about it.”