The Institute of Scrap Recycling Industries (“ISRI”) announced the release of its Fifth Annual ISRI Scrap Yearbook (“Yearbook”).
The Yearbook includes a breakdown of the global nature of the recycling industry.
ISRI characterizes itself as the “Voice of the Recycling Industry” and represents approximately 1,300 companies in 21 chapters in the United States and 34 countries worldwide that:
. . .process, broker and consume scrap commodities, including metals, paper, plastics, glass, rubber, electronics, and textiles.
ISRI states that the Yearbook provides the most up-to-date, comprehensive information and statistics about the United States and global scrap industry.
Statistical highlights from the Yearbook include:
- More than 130 million tons of scrap metal, paper, plastics, electronics, textiles, glass, and rubber processed in the U.S. and more than 800 million tons consumed globally;
- The U.S. exported more than 37 million metric tons of scrap commodities valued at $17.5 billion to more than 150 countries;
- The value of U.S. exports increased by nearly $7 billion from 2005 to 2015;
- Recovered paper and ferrous scrap represent the bulk of U.S. scrap exports by volume, combining for more than 31 million metric tons;
- Major export destinations for U.S. Scrap last year included China ($6 billion), Canada ($2 billion), South Korea ($1 billion), Turkey ($930 billion), Mexico ($920 billion), and India ($900 billion);
- Since 2000, net exports of U.S. Scrap have made a positive contribution to the balance of trade of more than $210 billion;
- Over 470,000 U.S. jobs directly and indirectly supported by the industry;
- Nearly $106 billion in U.S. economic activity generated; and
- Approximately $11.2 billion in federal, state, and local tax revenue collected in the U.S.
The Yearbook breaks down data by commodity and provides historical information on production, recovery and consumption; scrap trade flows; trade flows; and scrap prices indexes.
A link to the ISRI Scrap Yearbook can be found here.
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