Will the metal recycling business be able to pick up the pace once again after the pandemic?

Recycled metals are used extensively in all shapes, sizes and forms across various industries. Recycling of scrap metals is a sustainable option in comparison to mining from natural resources. Moreover, use of recycled metals is more economical and also cuts down waste generation. These factors have given impetus to the metal recycling companies in Dubai and worldwide. 

Metal recycling markets across the globe is valued at US$365.3 billion in 2020 and estimated to grow to $579.3 billion by 2027. (https://www.globenewswire.com/fr/news-release/2020/08/17/2079257/0/en/579-3-Billion-Worldwide-Metal-Recycling-Industry-to-2027-Impact-of-COVID-19-on-the-Market.html). The prospects for metal recycling companies in UAE appear to be positive while this sector is projected to grow at the CAGR (compounded annual growth rate) of 6.8% globally between 2020 and 2027. (https://www.globenewswire.com/fr/news-release/2020/08/17/2079257/0/en/579-3-Billion-Worldwide-Metal-Recycling-Industry-to-2027-Impact-of-COVID-19-on-the-Market.html )

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However, as the COVID 19 pandemic has hit economic activities globally, thus metal recycling companies have been affected too. The pandemic and ensuing lockdown restrictions have disrupted the supply chain and hampered the collection of scrap metals and its availability in the market. Further, industrial units including automotive and construction industries have either slowed-down or halted their activities. This implied low generation of scrap metals from such sectors and hence low supplies to Dubai scrap yards and across the UAE. 

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While the recycling process slackened, the demand for the end product also went down. Since factories were shutting down or restricting their activities due to COVID 19, the demand for the recycled metals also saw a dip. This prolonged low demand with scarce purchasers can also lead to accumulation in inventory, where the larger quantity of product outpaces the number of buyers.  

Steel scrap is highly valued in the market. Although steel mills reduced the size of output, scrap prices witnessed a rise in its price in May because scrap collection substantially plummeted. To counter the impending scarcity of the valuable ferrous scrap in Dubai and elsewhere in the UAE, Ministry of Economy imposed ban on the export of ferrous scrap within four months starting May 15th.  (https://metallurgprom.org/en/main/4192-obedinennye-arabskie-jemiraty-zapretili-vyvoz-metalloloma-iz-strany-s-15-maja.html#:~:text=According%20to%20the%20order%20of,in%20a%20pandemic%20Covid%2D19)

The current challenges in the metal recycling companies can be overcome with strategic policies aimed at boosting the metal recycling sector. Updated and shock resilient policies could help smoothen the supply chain from both ends. Metal scrap companies in Dubai have the potential to grow in near future. The needs for recycled scrap metals are projected to grow manifolds in industries such as automotive, construction and housewares. 

Once the pandemic has subsided and contained, metal recycling business will be able to pick up the pace and tackle any economic slow-down. Aluminum, steel and copper scrap will retain its value in the recycling markets of the UAE for the need for these recycled metals are unending.    

Lucky Recycling, a trustworthy business entity uses advanced technologies to ensure sustainability and the generation of value from scrap metals. Recycled metals are here to thrive and Lucky Group is the vanguard of sustainability in metal recycling sector.   

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).

Contribution of Scrap Metal Industry toward Global World Industrialization

 The word ‘SCRAP’ is a wide term consisting of recyclable and leftover materials, collected from manufactured and consumed products like the parts of automobiles, surplus materials, and building supplies. The term ‘WASTE’ should not be confused with scrap. Scrap has a monetary value and can be recycled, unlike waste. 

So, why should we recycle scrap? And how does it help the economy? Scrap recycling is an efficient method to ignore the rising costs of mining, both economically and environmentally. As the metal is present in abundance, collecting and recycling scrap becomes easier. Recycling scrap helps us to create new products which are not only environment-friendly but also are beneficial for the industries all around the world. 

Scrap when recycled, can prove to be useful in more ways than one:

Energy - The process of turning scrap metal into a new product does not require as much energy as compared to producing the same product with new resources from scratch. The scrap metal is utilized to its maximum with some modification. Various industries can make use of scrap metals to conserve energy and create new products with less resources, all adding up to the upliftment of the world industrialization.

Economic - The scrap industry is a gateway for around fifty-thousand jobs ( https://en.m.wikipedia.org/wiki/Scrap) and proves to be a great help for the unemployed crowd of a country. In these stressful Covid-19 days, where the economy of the whole world is shaken, the scrap metal recycling industry becomes fruitful in contributing to the economy bit-by-bit. Besides helping the economy, the costs of producing new metals can be eliminated by using the metal scrap as base. The utility provided by the scrap industry has provided an impetus to the slowed-down industries not only in the UAE, but also globally.  Industries using recycled scrap metals not only help in continued operations, but also by reducing the use of natural resources, conserving energy, boosting economic growth and employment, etc.

A major part of scraps are alloys. Depending upon the elements present in the alloy, the scrap could fetch considerable value.  Aluminium and aluminium alloy scraps fetch good value in the market. (https://www.singletonscrapmetal.co.uk/news/which-scrap-metals-will-earn-you-the-most-money/). Lucky Recycling is one of the best recycling companies in UAE which has its key interest in scrap recycled products. 

In trying times as such, the slogan, “reduce, reuse, recycle” should be followed and taken seriously by individuals and companies. Lucky Group is the most efficient scrap buyer in Dubai, Jebel Ali, Toronto, Miami, and Shanghai. This organization also has a separate sector for recycling, named Lucky recycling. It strives towards providing the best management and all kinds of ecological benefits.

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).

Recycling Talent

Undoubtedly, we all have been blessed with specific skills and creative minds.  At times, we are reluctant to use our talents but if we have courage and inspiration, we can improve ourselves and become part of a talented contributing community.

Handling of scrap metals is one of the most resourceful skills known to recycling industries. Metal recycling companies in Dubai recycle a large variety of metals. The most frequently recycled metals are scrapped iron, steel, copper and aluminium. The two main types of metals are ferrous (metals that contains iron) and nonferrous (without iron). One of the most industrial attributes of metals are that they can be recycled indefinitely, without losing much of its properties. Scrap metals are either melted down, fabricated into something new or shredded to make scrap briquettes for future use.

Recycling industries are giving an opportunity to our young talented generation by providing hundreds of people with great job opportunities as opposed to relatively dangerous jobs like mining. They invest in young local talents to drive the recycling activities not only have great environmental benefits but also help with economic growth and power conservation.

At Lucky Group, we take great pride in our highly skilled team of analytics and the years of experience that have contributed significantly to our positioning as a trusted entity among the metal scrap companies in Dubai.

We all live in a fast paced and modern world today, but little do we realize that all of this will not actually matter if there is no future and no space. Dubai is a city of talented and multinational community. It encourages people to recycle waste scrap metals to get rid of landfill garbage because pollution is man’s as well as the earth’s common enemy.

Lucky Recycling is one of the leading scrap buyers in Dubai, always concerned about the environment and streamlines its operations to be environmentally beneficial. Known for helping in educating and volunteering in most matters and events related to the environment they always make sure they deliver the best quality products to their customers in the least environmentally damaging manner. 

To know more about the Lucky Group kindly visit: www.luckygroup.com

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).

Health & Safety best practices at Recycling Facilities

The scope of recycling industry is not only associated with collecting and processing of scrap metals to make it available for manufacturing industries but also to benefit our communities and the environment at large.

Recycling companies in UAE has grown rapidly over the past decades but the question is, are we following a sustainable and a safe recycling modus operandi? 

Recycling is good for the environment but it can be dangerous for workers if we do not follow health and safety guidelines, investigate accidents at work, and make sure employers and employees are safe at work.

Urban Miner - Lucky Group is one of the most renowned companies all over the globe which is very particular about its quality of the products; likewise it is also particular about the health and safety of their employees and visitors. It follows some strict rules and regulations pertaining to the health and safety like;

1. It gives detailed training, information and instructions about the safety measures to its employees. 

2. Keeping in mind the standard and reputation of the company proper infrastructure in terms of cleanliness, accommodation, pollution and work environment is given to the employees.

3. The company has periodical updates of health and safety policies, operational procedures   and also of management process.

4. The most important factor of health and safety at Lucky Group is the missions to remain an accidental-free environment.

It is true that health and safety risks are always associated with all types of recycling activities.  Lucky Group has experienced Health and Safety officers who take care of their employees. There is a timely Health and Safety check done by HR’s and HSE managers. They see to it that whether the measures are followed properly and well executed on time.

Lucky recycling tries to reduce pollution by using sustainable resources. These companies are known for taking environmental safety measures by giving the best service to the customers.

For more information visit us at http://www.luckygroup.com

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).