SIC Code 3312-18 - Scrap Metal Products (Manufacturing)

The Scrap Metal Products Manufacturing industry involves the production of metal products from scrap or recycled materials. This includes the processing, sorting, and melting of various types of scrap metal to create new products. The industry plays a crucial role in the recycling and reuse of metal materials, reducing waste and conserving natural resources. Companies in this industry may specialize in the production of specific metal products, such as steel bars, wire, or pipes, or may offer a range of products for various industries. The process of scrap metal manufacturing typically involves the collection of scrap metal from various sources, such as construction sites, automotive scrapyards, and industrial waste. The collected scrap metal is then sorted and processed to remove impurities and contaminants. The metal is then melted down and formed into new products using various manufacturing techniques, such as casting, rolling, or extrusion. The industry is subject to fluctuations in the price of raw materials, such as iron ore and copper, as well as changes in demand from downstream industries. As a result, companies in this industry must be able to adapt quickly to changing market conditions and maintain efficient production processes to remain competitive. Overall, the Scrap Metal Products Manufacturing industry is an important contributor to the global economy, providing essential materials for a wide range of industries while promoting sustainability and environmental responsibility.