Middle East, Asia drive fresh wave of investment in the scrap sector – Lucky Group

A new wave of investment, focused on the Middle East and Asia, is being seen in the global scrap sector, according to one Middle Eastern scrap player.

Until the economic crisis took hold in 2007/08, investments in the global scrap industry had been rife, Salman Shaban, commercial manager of Dubai-based metal recycler Lucky Group, told Metal Bulletin.  “Pre-2009,many ventured into [scrap] as a side business as it was easy money,” he said. Since 2009, a lot of investors have moved away from the scrap industry, however. This, he said, was largely the result of difficulties in obtaining credit...

Published

Fleur Ritzema

June 24, 2013

13:40 GMT

London