Scrap metal is changing its status, its image, its price and even its name.
“Rag and bone” men with carts no longer shout around the houses for “any old iron, any old iron?” – at least not in the UK, and scrap merchants are no longer “scrappies” but increasingly up-market “recyclers.”
Technological advances and electronic sorting may still be badly needed in some quarters. But scrap – or secondary metal’s – essential place as an energy-saving decarbonization tool is being recognized in the effort to establish a circular economy, or as the jargon puts it, “to close the loop.”
Source: S&P Global “The ‘s’ word: Recycling scrap metal’s image”