Ferrous Metals

Ferrous metals are mainly composed of iron and have magnetic properties. Steel, an iron alloy containing carbon, is by far the most-recycled material in the world. Total steel production in 2008 reached 1.3 billion tonnes, of which over 500 million tonnes were made from scrap metal. The most commonly recycled items are scrap from industrial processes, end-of-life products such as containers, vehicles, appliances, industrial machinery and construction materials. The use of scrap metal has become an ...

Mr R.S. Baxi Awarded Asian of the Year

Fourth Quarter 2009 Report

The news that most European economies were emerging from Recession and that Global trade was growing, gave us, in the Recycling Industry, a much needed boost. Sustained and gradually increasing exports contributed towards the upturn in the World’s economies. Continued positive growth of both the Chinese as well as the Indian economies helped to maintain export levels of Recovered Fibre. China’s imports of Recovered Fibre during 2009 is expected to surpass the level seen in 2008. China’s ...

Third Quarter 2009 Report

The effects of the Global Stimulus started becoming more evident by the beginning of the third quarter, with the green shoots of recovery starting to sprout. This clearly gave the first positive signs that the Recession was bottoming out. Reduced levels of collection, rising unemployment, increasing freight rates, the strengthening Euro and stable to firm export demand, briefly describes the challenge that we all faced during the third quarter. Further progress was made during this quarter in being ...

Second Quarter 2009 Report

Despite the difficulties & challenges caused by the Global meltdown and recession, continuing to exercise their influence during the second quarter of 2009, export volumes continued their steady growth with prices slowly firming up. During this quarter, we saw statements being made that the global recession was likely to continue, including one saying that the decline in the global economy will continue, but at a slower rate, and another pointing towards the appearance of “Green Shoots” ...