Market Assessment of Steel Scrap in Bahrain

• The steel scrap market in the Bahrain was estimated at 150,095 tons in 2019, and dropped to 142,026 tons in 2020 due to COVID led disruptions in scrap source industries as well as collection process. Steel scrap supply is expected to reach 331,093 tons in 2025, mainly driven be the growth in scrap source industries
• In 2020, the key source of steel scrap was construction projects which accounted for 36% of the market, followed by the automotive sector, accounted for 27% in 2020. Other key source industries are Industrial (16%), household (12%). And others, including energy, utility, and shipyards (10%)
• Growing construction activities, and increasing population are the two major drivers of the scrap supply in the country. Cumulative construction spend is expected to reach USD18.4 billion during 2021-2025, while the population will reach 1.7 million by 2025
• Few large and small scrap collection and trading companies collect the steel scrap in Bahrain. These companies collect nonferrous scrap as well. Only two companies, Crown Industries, and Bahrain Scrapmould have the steel scrap shredder. About 56% of the total scrap is collected and exported by top five companies, namely; Crown Industries, Najad Aluminium and Iron Trading, Bahrain Scrapmould, Lilian International Trading, and Afreen Global
• There are only few large scrap suppliers, with existing scrap collection contracts from local source, and hence scrap purchase agreement with these suppliers are critical to ensure continuous supply of the steel scrap for recycling. Different grades of steel scrap are priced differently and are used for different purpose, and hence an additional layer of scrap quality check is required to ensure the correct quality supply

Table of Content:

Bahrain Macroeconomic Overview

• Population
  • By Demographics
• GDP
  • By Sector

Market Definition

• Classification of steel scrap, intermediary products, and waste

Steel Scrap Value Chain

• Key elements
• Current state in Bahrain
• Profit margins at each level

Bahrain Steel Scrap Market (Supply Analysis)

• Market size – 2017-2020 and Outlook 2025– volume and value
  • By Source
    • Shipyards
    • Automotive scrap (by vehicle type)
    • Manufacturing Scrap
    • Energy & utility Scrap
    • Residential Scrap
    • Others
  • By Scrap Type
    • Cast Iron
    • Stainless Steel
    • Alloy Steel
    • Tinned Iron or Steel
    • Turning, Shavings, Chips, Saw Dust
    • Others (Include waste or ingots remolding)

Steel Scrap Supply Chain in Bahrain

• Collection Process
• Collection Points
• Sorting & Preparation Techniques
  • By scrap type (new steel scrap and old steel scrap)
  • Segregation of Hazardous Material
• Key machineries
• Pricing mechanism
• Payment terms

Steel Scrap Pricing Analysis

• Scrap prices
  • By scrap type

Steel Scrap Demand

• Key Buyers
  • Demand

Trade Analysis

• Exports (volume & Value)
  • By scrap type
  • By country
• Key exporters
  • Annual export

Regulatory Overview

• Regulation Impacting Steel Scrap Supply
  • Vehicle scrappage policy
  • Waste Management Policy
  • Waste Handling Regulations
• Regulation Impacting Demand
  • Recycling regulations
  • Export regulations
  • Export levy

Market Drivers, Trends, & Challenges

• Key demand drivers such as growing demand for steel, increasing prices of raw material for steel production, sustainability goals, carbon emission target etc.
• Major challenges such as collection and segregation, availability of human resources, etc.
• Latest industry trends including sorting and processing technology trends such as use of laser technology for processing, inventory control technology etc.

Scrap Supplier Landscape

• Key scrap collector and suppliers
  • Market share analysis
  • Company profile
    • Overview
    • Financials
    • Pricing mechanism
    • Collection process
    • Scrap Type
    • Operational Details
      • Technology
      • Scrapyard size and location
      • Employees

Market Opportunity Assessment

• Scrap supplier willingness to partner with new scrap customer
  • Supply capability
  • Pricing mechanism
  • Supply frequency
• Small vendor willingness to partner with new scrap customer

Steel Scrap Recycling Unit Investment drivers and challenges

• Investment requirement
• Human resources and machinery requirement
• Market attractiveness
• Entry feasibility
• Major risks
• Cost-benefit analysis

Recommendation and conclusion