Wartime Changes In The Secondary Metals Industry

The secondary metals industry might well be defined as the group of remelters, smelters, refiners, and manufacturers that convert scrap metals or residues to commercial forms. In this industry, scrap metals and residues are processed to pro- duce refined metals, ingot alloys, fabricated shapes, and chemical products. Secondary metal is defined as metal recovered from commercial scrap, that is, scrap that has entered the processor's plant in scrap form. Metal recovered by a manufacturer from "home scrap" generated in his own plant is not considered to be secondary, because it represents part of the original stock that simply requires additional treatment before emerging as a finished product. In any economic study, a basic point of measurement must be chosen, and in the case of secondary metals, the melting pot or its counterpart represents the stage in which metal is converted from scrap to some more usable form. Beyond this point there is often no means to distinguish between secondary metal recovered from scrap and virgin metal produced directly from ore. In the last fifteen or twenty years the secondary metals industry has grown to major importance. Some consumers distrust secondary metals, but frequently this distrust serves only to prove an inability to keep up with the times. A rapidly decreasing number of manufacturers like to boast that they use only virgin metals, but a little investigation would show them that more than one third of all