Steel scrap also referred to as scrap comes from ‘end of life’ products (old or obsolete scrap) as well as scrap generated from the steel manufacturing processes (new, prime or prompt scrap). It is metal which contains iron. Steel scrap can be processed and re-melted repeatedly to form new products. Because of the value of metal in the steel scrap, it is recycled or reused wherever it is possible. In fact, steel scrap is being recycled long before present awareness of environmental concerns started.