An apparatus for recycling metal scraps includes a mold having an inner conversion cavity for converting the metal scraps, an inlet disposed in one longitudinal end thereof, and an outlet disposed in the other longitudinal ends thereof, the inlet and the outlet communicating with the cavity; a gate movably mounted near the outlet of the mold so as to open and close the outlet of the mold as the gate moves; a gate actuator moving the gate to an opening or closing position; a scrap feeder supplying the metal scraps into the cavity of the mold, a conversion plunger intruded into the cavity via the inlet of the mold and compacting the metal scraps to form a solid compact having a shape corresponding to the cavity; and a press actuator reciprocating the conversion plunger between inside and outside of the mold so as to provide a conversion pressure.