The importance of Scrap Metals Trading in the global supply chain Whether it is stainless steel scrap in Dubai or aluminium and copper from elsewhere on the planet, the recycling industry is at the forefront in keeping the global supply chain running smoothly. Human beings by their very nature of existence are fuelled by consumption. From organic substances to metals, practically every element in existence on the planet is used in some form or the other for human consumption. This is immaterial of the consumption being direct or indirect in nature. Metals are a good example of this development. Since the discovery of iron and copper, metal consumption has grown both, in scope as well as quantity. Advancements in metallurgy have only accelerated this approach. Unfortunately though, most raw materials, including metals like copper, iron and steel are limited in supply. Truth be told, the raw materials stock on the planet is depleting at a pace that is quite unlike that seen before. And as industries strive to keep pace with human needs, the demandsupply equation is only set to distort and skew further. Additionally, finished steel uses up over a ton of raw ore and 4.5 tonnes of coal in the manufacturing process. On the other hand, 14000 watts of raw electricity, about half a dozen kilos of bauxite ore and four kilos of assorted chemicals are used in the processing of aluminium. Thus, the mining and processing of the various aw materials used in production is quite a resource intensive activity.
Primary refining and production activities not only deplete natural resources, but they also have a drastic and definitive drain on the planet. Thankfully, the recycling industry has stepped up its efforts on a global scale in averting this crisis. Here, scrap dealers in Dubai and the Middle East have made a name for themselves in trading and processing.
The recycling of metals offers multiple benefits to the industry. It lowers the energy consumption versus that what is required in the processing of primary raw materials. Carbon dioxide and other emissions too are lower for recycling activities while there is lowered pressure on land fill sites everywhere. Little wonder then to note the growing popularity of scrap metals trading as a profitable venture. Globally, over 90 million tonnes of ferrous scrap and non-ferrous scrap is recycled annually; a number that continues to rise, each year. The Middle East region, buoyed by geographical proximity to the major scrap sourcing regions, availability of cheap energy and other administrative advantages, has grown to become a major recycling hub. In-fact, the recycling industry on the whole is growing tremendously. Thus, whether it is stainless steel scrap in Dubai or aluminium and copper from elsewhere on the planet, the recycling industry is at the forefront in keeping the global supply chain running smoothly.
Published on Oct 17, 2012
Whether it is stainless steel scrap in Dubai or aluminium and copper from elsewhere on the planet, the recycling industry is at the forefron...