Efficient use of Scrap Metals

Recycling has myriad of benefits – not only economically, but also environmentally and ecologically. Metal recycling helps in reducing mining and reduces the amount of waste that goes into landfills. Not all businesses can afford manufacturing using virgin metal, recycled metals cost relatively lower while preserving the integrity of the metal. In fact, some countries that do not have rich metal resources often import recycled metal or metal scraps to meet the demand. While we are aware of the benefits of metal scrap metals and its recycling, it is only possible when the scrap metals are used in an efficient manner. 

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Steel is one of the most used metal that does not lose its properties in recycling process, even when alloys are mixed in the process. Using the blast arc furnace, steel can be produced entirely from scrap, without requiring iron ore or coke. Stainless steel scrap market in Dubai is a hot bed for such initiatives. By integrating steel scraps into steel making process, businesses and organization can contribute towards a sustainable circular economy. 

Metal is used extensively in household and other FMCG products, like canned food and beverages. The aluminum packaging used contains some amount of recycled metals. Some companies, in a bid to promote sustainability, use 100% recycled metal for the packaging. Due to the nature of these goods, the recycled metals can be back in market in form of packaging of a new product in approximately 60 days. Recycled aluminum requires less processing. Not only it is energy efficient, but also economical for low-value products. 

A huge amount of ferrous scrap comes from automobiles. UAE has huge demand of cars and other vehicles that have a potential of recycling. Apart from the conventional methods and ways in which automobile scraps are recycled, many artists have turned the scrap into artwork. Recently, Tariq Al Salman, an artist from Ras Al Khaimah used iron scrap to create a sculpture of corona virus. The artist wanted to represent the effects of the virus on life today. https://www.thenationalnews.com/arts-culture/art/ras-al-khaimah-artist-turns-scrap-metal-into-a-sculpture-of-covid-19-virus-1.1028715 Not only such instances help in creating awareness, but also promotes unconventional methods of metal recycling.

It is important to note that benefits of recycling can only be reaped with awareness – the general public should be educated about segregation. Often, metal scraps are not recycled to their potential due to lack of segregation and recycling knowledge. Segregation and collection of various scrap metals differ on basis of their value. Accordingly, the recycled metal scrap can be sold to scrap buyers in Dubai or recycling companies in the UAE. Lucky Recycling, part of Lucky Group is one such trustworthy name in the country that ensures using energy efficient recycling process and follows a diligent course to make optimum utilization of the resources.

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).

How did the Pandemic affect the Scrap Recycling business?

 The Covid-19 pandemic has impacted businesses of every nature. The lockdowns and restrictions had caused disruptions in working practices and operations. As businesses moved to remote work model, those that could not adapt to this model due to the nature of their business faced heavier losses. Metal scrap recycling business was no exception to this turmoil. 

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Some countries do not have abundant metal resources. As a result, there isn’t enough raw materials/ores to be used in manufacturing various commodities. In such case, the country imports scrap metals. Importing scrap metals is a more economical option rather than importing metal ore or virgin metal. For example, Canada imports steel and had ranked first in imports in 2017-2018. https://www.statista.com/statistics/281050/major-target-countries-for-steel-scrap-imports/#:~:text=Canada%20was%20the%20country%20with,steel%20scrap%20in%20the%20world.  In order to contain further spread of the virus, countries around the world imposed travel restrictions and bans. This had a profound influence on the scrap metal recycling business around the world. General speculation that international metals market getting back on track; it seems that in the first quarter of the year 2021, there will be a tangible growth in the metal scrap import and export. 

It is crucial to note that amongst all other factors, high costs of the new metal resources are the driving force behind metal scrap and recycling business. The cost of metals, if not stable, is projected to rise to keep up with demand. Since the pandemic, businesses have started to aim to operate within limited budget and resources. Recycled metal is therefore going to be the only way to cope with the demand-supply chain while maintaining economical balance. 

One of the hard-hitting realities of the industries being closed for operations due to lockdown was the unemployment. A significant amount of metal scrap comes from households and local markets – great example being the Dubai scrap yards. Hence, the workforce involved in metal recycling business the local as well as international markets have restructured their business strategies and creating more employment opportunities.  

Pandemic given an opportunity to all businesses started to consider using the already available resources instead of sourcing new ones. According to Technavio, the global scrap recycling business is projected to grow at a steady 4% in the coming years. https://www.businesswire.com/news/home/20200924005435/en/

Lucky Recycling, part of the Lucky Group, has been spearheading recycling initiatives in the UAE. The organization works at all levels to ensure optimum utilization of the resources – which is now inevitably need of the hour and our only hope for sustaining post-pandemic. 

For more information please 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).

Is it so difficult to live an environmentally friendly life?

 A small change that can not only impact the people but also make a contribution to reducing climate change in your daily lives is truly an environmentally friendly life.  But is it really difficult to live an environmentally friendly life?

No, because there are various ways an individual can make sustainable changes that not only help the environment, but one can benefit financially, physically and mentally as well. 

If we observe the recent history, industrial and technology revolution in the past few year’s governments, businesses and individuals around the world are switching to eco-friendly lifestyles that contributes positively towards the environment and opt for more sustainable solutions like petrol vehicles  that are a major cause of global warming, mainly due to the amount of pollution it emits. In the past, petrol was the only option but now we have alternate choices. Now electric and hybrid cars are increasing in popularity as they emit must less emissions. 

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Solar panels are an example of a renewable energy technology that uses the sun as an energy source.

Actually, there are many ways to contribute to climate change but we do not know where to begin.

Let us start from our homes as homeowners we can do plenty of things to make our homes more eco-friendly such as to open windows to let in the fresh air; open blinds to let in natural light; do not let water run while brushing your teeth; stop printing unnecessary documents; plant a tree; use energy-efficient appliances and electronics; reduce our food wastes; recycle metal cans and newspapers, etc.

Since humankind cannot decrease its dependency on metals, the only other available option is to recycle scrap metal because recycling activities not only have great environmental benefits but also help with economic growth and power conservation.

Recycling is a very cost effective procedure. Selling of scrap metals can earn your business some additional income. Scrap buyers in Dubai & waste management companies are big contributors taking a step towards eliminating waste & increasing metals recycling. Metal recycling especially has been considered a lot more because the demand for metals like aluminum, copper, steel, brass etc. has been increasing with time. This is a practice that definitely should be encouraged and practiced widely.

Recycling and environment go hand in hand complementing each other. This process saves our planet from many hazards right from pollution to the emission of hazardous gases, from saving up on the landfill spaces to helping in conserving the conventional resources. It helps a great deal to limit the need for raw materials when recycled scrap can be used as good as new for manufacturing products.

Therefore, it is a high time that these efforts are appreciated and valued and the number of people joining this cause increases. Urban miners in Dubai, Lucky Group strives continually to ensure that the metal trash is recycled efficiently.

You can contact your nearest Recycling companies in UAE and ask them to collect things from your place, or you can yourself drop them off to these places. Thus, these are a few things which can help you to do your bit towards the society and the environment.

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).

Stress Management at workplace during Covid-19

 In our previous blog http://blog.luckygroup.com/2020/11/will-metal-recycling-business-be-able.html,we discussed COVID 19 pandemic has hit economic activities globally thus metal recycling companies have been affected too but at the same time the Covid-19 pandemic resulting negative impact on many people’s mental health and wellbeing.

Whenever we talk about social distance or isolation which is a vital step in helping to slow the spread of this virus but on the other hand these situations linked to poor mental health outcomes due to worry and stress over the coronavirus. 

From the Census Bureau’s Household Pulse Survey which capture data on health and economic impacts of the pandemic on human’s health stated that people who were sheltering in place (47%) reported negative mental health effects resulting from worry or stress related to coronavirus than among those not sheltering-in-place (37%). Also half of the people who lost income or employment during pandemic reported negative mental health impacts from worry or stress and lower income people report higher rates of major negative mental health impacts compared to higher income people.

Organizations and businesses like Lucky Recycling within their Corporate Social Responsibility took concrete and effective measures to protect employees and their families. During this unprecedented time of uncertainty and fear it was our corporate social responsibility that organization must support the meaningful human connections until the pandemic is over.

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Good health and well-being can have a huge positive impact on employees to ensure long-term business continuity. Some good practices to manage the crisis Lucky Group has assured its employees and their employment sustainability throughout the pandemic irrespective of the external economic factors including the group also provided the better health benefits for the well-being of its employees by building all necessary safety parameters within the organization.

Metal scrap companies in Dubai that are currently going through economic recession continue to discuss and are taking further actions to alleviate the burdens of the COVID-19 pandemic which are not only affecting the Scrap metals trading business but to provide maximum resources to overcome anxiety and depression due to coronavirus which reported negative impacts on employees mental and physical health.

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).