The iron scrap market in the UAE is a vital component of the recycling industry, contributing significantly to environmental sustainability and economic growth. Iron scrap is widely used in various industries, including construction, manufacturing, and automotive. Here's an overview of the iron scrap market in the UAE, including key players, pricing trends, and benefits of recycling iron scrap.
Key Players in the Iron Scrap Market
- Tareeq Al Rollah One of the leading metal recycling companies in the UAE, PGI Group handles a large volume of iron scrap annually. They offer both buying and selling services for various grades of iron scrap
it Based in Abu Dhabi, Alrezeq Metals Trading LLC is known for its quality and integrity in the scrap metal industry. They supply a wide range of metal scrap, including iron2.
Specializing in ferrous scrap, Amkay Metals DMCC provides reliable collection and delivery services for manufacturers. They offer various iron scrap products, including HMS 1, HMS 2, and cast iron3.
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Pricing Trends
The price of iron scrap in the UAE can vary based on several factors, including global demand, local supply, and the quality of the scrap. As of now, the price ranges from AED 0.50 to AED 1.00 per kilogram. It's essential to stay updated with market trends and check with local dealers for the most accurate rates.
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Benefits of Recycling Iron Scrap
Recycling iron scrap offers numerous benefits:
- Environmental Impact: Recycling iron reduces the need for mining new iron ore, conserving natural resources and reducing environmental pollution.
- Economic Value: Iron scrap can be sold for a good price, providing a source of income for individuals and businesses.
- Sustainability: By recycling iron, you contribute to a more sustainable and circular economy.
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Conclusion
The iron scrap market in the UAE is a dynamic and essential part of the recycling industry. the market offers competitive prices and reliable services. By understanding the factors influencing iron scrap prices and staying informed about market trends, you can make informed decisions and contribute to environmental sustainability.
