Indian steel scrap demand may touch 70 mn t by 2030
Oct 29, 2020 10:00
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With the primary sector also considering plans to increase the scrap charge in BOFs due to sustainability reasons, estimated domestic demand for ferrous scrap is likely to reach ~70 mn t by 2030. India's ferrous scrap demand is expected to grow at 7% to reach ~40 mn t annually by 2025 from the current ~30 mn t, Yogesh Bedi, Chief, Steel Recycling Business, Tata Steel, told SteelMint.
Prior to the disruption caused by the pandemic, India’s scrap demand hovered around 30-32 mn t. Out of this, approximately 25 mn t was available locally while the balance ~7 mn t was being imported by the furnaces and mills.
Entry of organised players
Entry of organised players in the metals recycling