SCRAP AUCTION BY LARGE CORPORATIONS
-0001-11-30 Posted By:Infra Bazaar
The Scrap Industry is redefining the future of manufacturing worldwide. Scrap metal has become a very important commodity and a big business today. Scrap from developed countries is exported in billions of dollar to developing countries in Africa and Asia. One can imagine the magnitude of the Scrap Industry by just looking at the international trade of scrap steel in 2012 to the tune of 106.6 million metric tonnes. In India, recycling of metal waste and scrap market rose by 11 per cent in 2012-13.
The 2-day ‘Global Metal & Steel Scrap Summit 2012’ held in Gurgaon attracted 200 industry representatives from the US, UK and Gulf Countries, reflecting how the scrap industry has grown over the past few decades. Large corporations worldwide have realized how efficiently scrap can be used with multiple benefits and environment friendly effectiveness. India is one of the leading importers of scrap and in 2012 bought 30 lakh tonnes from the international market.
Scrap auction in India by large corporations are attracting large consumer base because of its constant demand for recycling and production. Scrap not only saves cost but also reduces greenhouse emission. The global meltdown saw large corporations growing the scrap market to give up their ‘throw away’ habits and embracing ‘take-back’ economy attitude. The global warming saw the emergence of new energy saving technologies, which improves energy efficiency in the steel manufacturing sector. Scrap also provides fast exchange of money, which makes the business very lucrative. Larger scrap metal business usually salvages recyclable parts by segregating scraps according to quality and use.
A comparative study by the US Environmental Protection Agency, using scrap metal in place of iron ore yields shows multiple benefits:
Energy Savings: 75%
Raw Materials Used Savings: 90%
Air Pollution Reduction: 86%
Water Use Reduction: 40%
Water Pollution Reduction: 76%
Reduction in Mining Wastes: 97%
From scrap steel every tonne of new steel made saves:
Iron Ore: 1,115 kg
Coal: 625 kg
Limestone: 53 kg
Some of the other metals saving energy are:
In 2012, Indian recycling of metal waste and scrap market value rose by 11 per cent. Out of which 96 per cent of market demand comes from the construction industry.
One of the leading conglomerates Punj Lloyd provides integrated design, engineering, procurement, construction, and project management services in the energy and infrastructure sectors with operations spread across the Middle East, Africa, the Caspian, Asia Pacific and South Asia, Punj Lloyd provides EPC services in Oil & Gas, Process, Civil Infrastructure, and Thermal Power. Today, Punj Lloyd is a diversified conglomerate, owing to its successful foray into aviation, defence and upstream, through its subsidiaries and joint ventures.
Infra Bazaar is delighted to associate with the leading large corporation Punj Llyod Ltd to facilitate the auction in four major cities in India, namely, Hyderabad, Pune, Mumbai and Bengaluru on the 12th and 13th of January 2015. The list of ‘Used construction equipment and machinery’, site location, terms and condition of the auction is given in our website. Interested parties may please contact us.