Does your construction company go through a lot of steel, and you don’t know the proper way to dispose of it? Are you constantly coming across steel you need to recycle, such as old farm equipment in your family's home? It might be time to consider a steel recycling service. These professionals can help you financially and protect the environment in myriad powerful ways. Let’s take a look at a few ways they can benefit you.

Helps Conserve Various Minerals

Steel recycling is a powerful process that might preserve more minerals than you realize. According to the National Material Company, every ton of recycled steel conserves 2,500 pounds of iron ore, 1,400 pounds of coal, and 120 pounds of limestone. That's because it takes a lot of those elements to produce a new ton of steel. It even saves the earth from 4,020 tons of waste.

That's not all. According to Rubicon, recycling steel saves 75% of the overall energy from raw materials used in producing steel. Furthermore, 69% of all steel is recycled annually in the United States. That's a significant number that is only likely to grow because steel recycling is gaining popularity and success throughout the world.

Saves You Money

Recycled steel is a huge economic factor that provides many jobs. According to Rubicon, over 531,000 jobs are created by scrap metal recycling. Just as importantly, this process can save you money by decreasing the cost of your steel. When production prices are decreased due to recycling, steel prices are lower and more affordable for you.

Furthermore, according to Scrap Metal Buyers, stainless steel is worth about $0.34 per pound when recycled. Shredded steel is worth $162 per ton, while heavy melting steel is worth $187 per ton. While that is a lot of metal to recycle, it can still provide you with financial benefits. For example, imagine converting that old shredded steel from your construction project into recycled steel to get a little extra cash.

Working with a steel recycling service can provide these benefits and help your firm protect the environment. It's the option that makes sense if you go through a lot of steel and want to improve the world. Make sure you reach out to a team of recycling professionals to set up regular service. Doing so can ensure you get the high-quality care you want without paying a lot of money. It can also help you get real tax return benefits if you claim to recycle properly. Get in touch with us at Federal Metals Co to learn more today!