New investment wave in scrap begins: exec

Jun 24, 2013 | 01:46 PM | Fleur Ritzema

Tags  scrap, scrap investments, Lucky Group, Salman Shaban, scrap recycler, Middle East investments, Asian investments, Fleur Ritzema

LONDON — A new wave of investment, focused on the Middle East and Asia, is being seen in the global scrap sector, one scrap player in the Middle East said.

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 metals recycler Lucky Group, told AMM sister publication Metal Bulletin.

"Pre-2009, many ventured into (scrap) as a side business as it was easy money," he said.....

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