In UNTHA UK’s latest online poll, we asked: ‘Do you think it’s still possible to make money in the metals industry, in the current depressed market?’
The findings were decidedly mixed, suggesting an air of uncertainty and perhaps frustration in the face of difficult trading conditions.
44% of respondents said that yes, they do still think it’s possible to make money, whilst the exact same proportion of participants claimed that it isn’t feasible. 11% didn’t have the answer, choosing to select the ‘not sure’ option.
So what did we think of the results?
UNTHA UK’s managing director Marcus Brew commented: “Margins have been squeezed in this sector for some time. In fact, approximately two years ago, the changing state of the metals market prompted us to investigate new ways to boost clients’ profitability through engineering innovation.
“Now, that innovation is paying off. We’ve developed a new, even more sophisticated way to maximise recovery levels and recyclate quality, for operators handling ferrous and non-ferrous metals. The result? More revenue yield. So, whilst investment is of course needed, it is still possible to make money in the depressed metals market, and, a return on that investment could be achieved in as little as 18 months.”
Whilst Marcus is not giving too much away at present, he has been asked to author an exclusive article on this very topic for the November issue of Recycling & Waste World. Plans are also underway to host two metals recycling events at UNTHA’s Boroughbridge headquarters before the end of the year. Watch this space for further details and, if you’re interested in attending, please contact sales@untha.co.uk.