Steel Scrap Policy

The country's consumption of ferrous scrap metal will jump 50% to 60 million tons by the end of the decade, and imports will double to about 20 million tons, it estimates

Singh said India was producing over 118 million tonnes of steel and by 2030 it is planning to produce 300 million tonnes of steel

Industry sources said that over 250,000 containers are stranded at Indian ports on account of the complete lockdown enforced to check the spread of Covid-19 pandemic

The basic customs duty on metal scraps is in the range of 2.5 to 5% at present

Scrap units will be set up either by private sector or as PPP initiatives