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The sale of reusable salvage from old cars is only a small piece of the auto recycling pie. About 65 percent of a junked car is made from steel (the rest is made from other metals plus glass, rubber and upholstery). The price for scrap steel and iron, though volatile, often hovers around $250 per ton. Expanding economies in Asia have lead to greater demand for scrap steel, bolstering the market worldwide. With 14 million tons of steel from cars being scrapped each year contributing to an industry-wide total of 76 million tons of recycled steel and iron, it's easy to see that auto recycling is a multi-billion dollar industry

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13y ago

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