How India can benefit from domestic scrap
The Indian steel industry imported about 5.7 million tonnes of scrap in 2016-17 according to the steel ministry’s annual report published in 2018. However, this is not enough to meet the growing domestic demand for scrap metal. In fact, according to a media report, India would still need over 20 million tonnes of scrap metal […]
Industrial Scrap – How do we recycle it?
In 2017, the Union Cabinet approved the National Steel Policy (NSP), with an aim to raise India’s steel production capacity to 300 million tonnes (MT) by the year 2030. From 110 MT in 2013-14, steel capacity increased to 134 MT in 2017-18, with 7 MT added in 2017 alone. Central to the idea of implementing […]
Cash-for-Clunkers: What price can you get for your scrap car?
The first thing that comes to everybody’s mind when considering selling off their old vehicle is, “How much value can I get for this old heap of metal?” It is a fair question and it deserves a fair answer. But prices are not uniform all over the place. And even without the price variation in […]