It is frequently used to create different kinds of steel products in electric arc furnaces. - Mild Steel Scrap: This kind of scrap steel is especially useful for making new items made of mild steel. It is frequently used to produce structural steel, sheet metal, and other mild steel products in electric arc and blast furnaces.

There are three primary categories of scrap steel, each having a range of characteristics and pricing points: Three types of scrap: post-consumer, obsolete, and home/return, and industrial/prompt. It's also critical to comprehend the distinction between scrap and recycled steel when analyzing a company's promises.

Heavy iron, or heavy melting scrap, is metal categorized as recyclable steel and wrought iron. Heavy iron is generally broken up into two categories; HMS 1 and HMS 2. The difference between the two is HMS 1 contains no galvanized and blackened steel, whereas HMS 2 does.