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Recycled Scrap Metal Market Set for Growth Amid Surge in Green Manufacturing

The global recycled scrap metal market is anticipated to expand at a steady 7.1% CAGR over the forecast period between 2022 and 2032, finds Future Market Insights (FMI) in a recent market analysis. Increasing production of iron and steel is boosting demand for recycled scrap metals. Growing utilization of scrap metals in steel production and in non-ferrous metals processing is further expected to boost the consumption rate of recycled scrap metals.
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The recycled Scrap Metal Market is projected to reach a valuation of US$ 61.45 Billion in 2022, likely to surge at a vigorous 7.1% CAGR from 2022 to 2032