India's domestic scrap consumption strengthens in CY'25 as collection efficiency improves

Crude steel production rises 10%, demand up 8% on-year. Price viability lures buyers to domestic scrap. Sponge iron gives scrap strong competition

India's steel industry in CY'25 saw a significant surge in production, with crude steel output rising 10% y-o-y to 164 mnt, up from 149 mnt in 2024, according to data. The total increase of around 15 mnt was driven by growth across both the BF-BOF and EAF-IF routes, with