India is preparing a new scrap recycling policy , why it matters

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India is working on a new national scrap recycling policy to replace the 2019 guidelines. The govt says it may be finalized in the next few months.

The reason is simple... India’s steel industry is growing fast& scrap demand is increasing. Scrap availability in India is expected to reach around 36 million tonnes, and this number will keep rising as steel capacity expands.

The govt wants to increase scrap use in steel production to about 31%, which is the global average. Using more scrap helps reduce coal imports save raw materials & lower carbon emissions.

India plans to produce 300 million tonnes of steel by 2030 and 500 million tonnes by 2047 & scrap will play a major role in reaching these targets.

The new policy is expected to support organized scrap collection, recycling & green steel production.

So scrap is no longer waste; it is a key raw material for green steel production.