22
Feb
07:22
Indian steel majors accelerate shift to scrap-based production
Indian steelmakers are rapidly shifting towards scrap-based production to minimise resource extraction and cut their carbon footprints, Kallanish notes.
Aiming for a 300 million tonne/year annual capacity by 2030, with 35-40% from electric arc furnaces, major players like AM/NS India, Tata Steel, and JSW Steel are leading the charge.
AM/NS India aims to increase scrap utilisation from the current 3-5% to approximately 10% by 2030. The company also intends to esta…
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Anonymous
Very good overview of the weekly steel market.
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