Adequate supply of raw metal, plenty of demand for recycled materials.
For the purposes of discussing the business of scrap iron in Toronto, it’s wise to define the basic properties of ferrous and non-ferrous metals. Ferrous refers to a metal that contains iron at some level - these are generally magnetic - and include iron and steel in their various forms. When it comes to scrap iron, it’s also important to note that additional elements like carbon or nickel may be present in varying degrees.
For businesses that are buying and selling scrap iron in Toronto, most of our common, everyday products are the source of valuable scrap that comprises the basis of the business: containers and cans and building and construction materials. In actuality, those products likely contain recycled metal themselves - just by example, today’s automobiles are compromised of 65% recycled steel and iron.
Collecting, sorting and processing scrap iron in Toronto is economically advantageous, both for the companies purging unwanted waste, and for those companies collecting the waste. And for good reason - recycling steel, and using recycled steel, is much less expensive than mining the iron ore and manufacturing new steel. There is little down side with recycled steel: the metal does not lose its original physical properties through the recycling process; and the energy used is dramatically reduced compared to refinement from iron ore.
The fact is, there is adequate supply of scrap iron in Toronto, and in the cities and communities across the nation. Imagine all the sources, just from domestic use: vehicle car bodies; automobile wheels; cast iron bathtubs; fridges and washing machines; water heaters and water tanks. And that doesn’t include major industrial waste, like railroad tracks and old manufacturing machinery. With this in mind, its easy to equate the millions and millions of tons of obsolete materials that are recycled yearly. Whether it’s from consumers, businesses, or manufacturers, the consequential benefits are remarkable – major savings on energy consumption; significant reductions in pollution and emissions; and substantial decreases in deposits to landfill.
Its clear that metal recycling saves our natural resources, and does it more than once - recycling can be repeated as often as required, and with little or no loss of inherent properties. And today, with many countries around the world suffering from poor resource supply, the demand for recycled metal translates into big profits for business. The collectionof scrap iron in Toronto, on a small scale or large is representative of the business and its many segments. With efficient operating procedures, modern material handling machines and state-of-the-art technology raw scrap becomes valuable to everyone in the chain, and the raw material is guaranteed to become high-grade recycled metal.
