India's ferrous scrap generation seen rising 70% to 45mnt by 2030

Source: Steelmint Feb 06, 2023 10:00

Contribution of EOL scrap likely to be highest. Iron ore-based steel production to persist till 2030, then taper off. India's ferrous scrap consumption to touch 60-65 mnt by 2030.

Morning Brief: India's total scrap generation will increase by a substantial 70% to around 45 million tonnes (mnt) by 2030 from the current 27 mnt, reveals data culled from a study conducted by SteelMint. Also, India will be sourcing domestic scrap from some key originating segments. It will be sourcing old

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