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...