Financing the Scrap Metal Industry

Posted by on Apr 27, 2016 in Invoice Factoring | 1 comment

Financing the Scrap Metal Industry

Overview of Scrap Metal Industry The scrap metal industry accounts for up to 90 billion dollars in economic activity in the U.S. Companies often collect scrap metal from a variety of sources, including junk cars, old machinery, appliances, and construction waste, which enable many small companies to enter the industry and cater to a local market. Scrap metal recycling in the U.S. remains an important source of supply for developing countries that need both ferrous and nonferrous metals to supplement their development. Over the five years to...

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