COVID-19 Update: Latest Scrap Metal Price In Sydney
The pandemic has challenged businesses of all kinds in so many ways. And while the scrap industry is not totally spared from its devastating crisis, it is still growing at a steady rate. For one, the scrap metal prices this year in Australia are skyrocketing after a year of hardship. Industry experts say that they aren’t likely to come down any time soon. This is happening not only in the country but all over the world! The year 2020 was unlucky for most industries. The same is true for auto recycling, which also faced many setbacks. With ports closed, the international exports of scrap metal have slowed down. According to the experts, the global scrap metal recycling market will grow by 181.56 million in 2020 to 2024, which is lower as compared to the 2019 forecast because of the COVID-19 impact which was felt in the first half of 2020. And then 2021 rolled in, and after a year of hardship, the industry started to recover. As expected, there is st...