BMR event brings together Middle East recyclers

The sixth edition of the Bureau of Middle East Recycling (BMR) International Conference was at the Madinat Jumeirah hotel in Dubai, United Arab Emirates (UAE), March 4-5, 2017. BMR President Salam Al Sharif, chairman of the UAE-based Sharif Group, says more than 450 metal producers, traders, recyclers and consumers from around the region and world gathered for the event.
Sharif spoke at the conference, with his presentation covering the “Shifting Global Economic Landscape and its Effect on Base Metals.” He said fundamentals have been more recently playing a heavier “rational role” in the supply and demand balance of base metals.
Sharif remarked that while the petro dollar earlier had been the main contributor to the massive growth of the Gulf Cooperation Council (GCC) region, its sharp decline in value “has shifted a trade surplus to deficit, investment to austerity, expansion to contractions and [led to] a diversity [away from] oil.”
The impact of these global trends on the Middle East, where the oil price appears to determine the fate of so many sectors, has been especially hard, Sharif said.
Get curated news on YOUR industry.
Enter your email to receive our newsletters.

Explore the May 2017 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Takeuchi adds dealer locations in central US
- MRAI gears up for event in Vietnam
- Reworld partners with Mystic Aquarium
- BIR calls for fair standards, circular solutions in defining ‘green steel’
- LME reports active Q2
- Liberty Steel assets facing financing deadlines
- Sims is part of Australian recycling loop
- Tariffs target steel exporters Brazil, Canada and South Korea