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Financing the Scrap Metal Industry

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

Financing the Scrap Metal Industry

Overview of the 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 a valuable 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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