India finalises national scrap policy to boost steel recycling

India finalises national scrap policy amid rising steel demand

India finalises national scrap policy to replace the 2019 guidelines.
The government aims to align the policy with domestic steel needs and global trends.
Daya Nidhan Pandey, joint secretary at the Ministry of Steel, confirmed policy completion in coming months.
Scrap consumption in India’s steel sector is growing rapidly, expected to reach nearly 36 million tonnes.

Large-scale steel capacity expansion will surge demand for scrap.
The policy seeks to gradually raise scrap usage to the global average of 31%.
By 2030, India aims for 300 million tonnes of steel production, reaching 500 million tonnes by 2047.
Scrap will reduce coal imports, conserve raw materials, and lower carbon emissions.

Policy framework and industry perspectives

The 2019 scrap policy promoted a circular economy in metallurgy.
It encouraged organised recycling of end-of-life products, especially obsolete vehicles.
Industry leaders call for a transparent, integrated domestic ecosystem for scrap processing.
Dhruv Goel, CEO of BigMint, emphasizes streamlined VAT, funding for shredding centres, and faster recycling permits.

India also ranks «green steel» by carbon intensity.
Steel emitting less than 2.2 tonnes CO2 per tonne rolls earns three stars; below 1.6 tonnes, five stars.
The national scrap policy will support low-carbon steel production and environmental commitments.
It aligns recycling incentives with India’s ambition to scale sustainable steel output.

SuperMetalPrice Commentary:

India’s new scrap policy marks a strategic shift toward circular and green metallurgy.
Rising scrap availability can stabilize domestic steel prices and reduce import dependency.
Companies investing in low-carbon steel and efficient recycling may gain a competitive advantage.
Overall, the policy strengthens India’s role in global sustainable steel supply chains.