This process uses only 5 percent of the energy required to produce aluminum from mined ore. Although national recycling rates for steel are decreasing, local rates do not seem adversely affected. People either have it or they don't, and recycling is still the best way to get rid of it. These ups and downs are not unusual for the scrap metal markets. According to Swisher, aluminum prices have also been volatile over the last year, but have now rebounded strongly.
Steel also seems due for a come back.
Ford Motor Company recently entered the scrap metal industry by purchasing an automotive recycling venture. Meanwhile, other companies are making quiet and steady moves to expand and consolidate operations. RAA and Scrap Metal Recycle Ann Arbor accepts scrap metal at its Drop-Off Station. It also collects small scrap metal items on its curbside collection routes in Ann Arbor.