“According to the Victoria State Government, the new regulations require anyone who deals in scrap metal to be a registered second-hand dealer by 1 September 2018. To become a registered second-hand dealer, it is mandatory to apply to the Business Licensing Authority. In addition, it can be only bought or sell with a cheque that is not transferable or payable to cash, or an electronic funds transfer, excluding e-currency and not by cash.”

The article cited AMA's "Global Recycled Metal Market Study" explored substantial growth of 4.3%. According to the report, Emphasizing On Metal Recovery from the Slag Residue is one of the primary growth factors for the market. Rising Application of Recycled Metal in the Automotive Industry is also expected to contribute significantly to the Recycled Metal market. Overall, applications of Recycled Metal, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End Use , such as Building & Construction, is boosting the Recycled Metal market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Scrap, such as Old Scrap, is boosting the Recycled Metal market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Recycled Metal market identified that the demand is rising in many different parts of the world as "Increasing Demand from the Developing Economies Owing to Industrialization ".

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Recycled Metal market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Recycled Metal market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Recycled Metal Market Study

Data Triangulation
The overall Recycled Metal market size is calculated using market estimation process, the Recycled Metal market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Recycled Metal market size has been validated using both top-down and bottom-up approaches.