Metallic Scrap
AMNS India plans Rs 100 cr capital infusion on 3 scrap processing centres
Gujarat-based AMNS India is planning to set up three scrap processing centres at a capital infusion of around Rs 100 crore. The company plans to set up two centres at Hazira and Ahmedabad in Gujarat, and one in Khopoli, Maharashtra, a company official said on Thursday. ArcelorMittal Nippon Steel (AMNS) India is a 60:40 joint venture between Luxembourg-based global steel giant ArcelorMittal and Nippon Steel of Japan. When asked about the timeline, the official said as per the plan submitted to the board of AMNS India, all the three centres are to be set up by 2024. The company owns and operates a 9 million tonne (MT) plant at Hazira where it uses 3-5 per cent of scrap to manufacture steel. AMNS India aims to increase its scrap mix-up to 9-10 per cent with the set up of the centres. Earlier, Union Steel Minister Jyotiraditya Scindia said his ministry will push primary steel producers to use 50 per cent of their input from scrapped/recycled steel by 2047 to help achieve the governme
 "AMNS India plans Rs 100 cr capital infusion on 3 scrap processing centres")
Secondary metal producers seek duty cut on imported scrap in Budget
Secondary metal industry says metal recycling should be treated as a priority sector.
 "Secondary metal producers seek duty cut on imported scrap in Budget")
Around 3,500 recycling units face closure threat due to proposed duty hike
Govt mulls raising import duty on metallic scrap to 10% from 2.5% at present
 "Around 3,500 recycling units face closure threat due to proposed duty hike")
Govt lays down conditions for ports on metallic scrap import
DGFT said only entry sea ports will be designated and notified for imports of these scraps
 "Govt lays down conditions for ports on metallic scrap import")
