The President of the Bureau of International Recycling (BIR) Non-Ferrous Metals Division has said that improvement in the non-ferrous recycling sector seems “far off”.
Writing in the introduction of the latest BIR Non-Ferrous World Mirror, Robert Stein said: “There was a time when conventional wisdom had it that business would somehow get better once the summer holidays were over, that industrial production would improve, prices would rise, and scrap would start to flow.
“I suppose we learned somewhere along the way that a flip of the calendar from one month to another doesn’t do much in altering the state of our business, and on a more macro basis, the state of the world economies.
“Concerns about the US economy, along with continued slow activity in Europe and a downturn in the emerging economies of the world, significant buyers of our scrap, continue to hamper an improvement in our business.
“Unfortunately, at least for now, any improvement seems far off, but pessimism is always easy when things are going well. Hopefully, the turnaround will be upon us soon.”