FERROUS WASTE TRADING

Ferrous waste trading involves the buying and selling of scrap metals that contain iron, such as steel and cast iron. This market plays a crucial role in the recycling industry by enabling the efficient reuse of these metals. Ferrous waste is collected from various sources, including demolished buildings, end-of-life vehicles, and industrial processes. Traders purchase this scrap, which is then processed and sold to manufacturers who melt it down and reform it into new products. This trade not only conserves natural resources and reduces the need for mining but also saves significant amounts of energy compared to producing new metals from raw ore. Moreover, it contributes to the circular economy by ensuring that valuable materials are continually reused, thereby minimizing environmental impact and promoting sustainability.