Scrap Exports Facing Ban in 60 Countries

60 countries to ban scrap exports
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The Indian government is urging steel manufacturers to increase their use of scrap in order to reduce carbon emissions. Currently, India’s usage of scrap in steel making is lower than that of Western countries, and it is not meeting the government’s expectations for emission reduction. While the availability of scrap is expected to increase in the future, there are challenges due to over 60 countries banning or considering a ban on scrap exports. Additionally, the availability of iron ore is also a concern, as the exploration of new reserves located in difficult-to-mine areas poses various challenges. Despite these challenges, India plans to scale up its steel making capacity to 300 million tonnes by 2030.

To help achieve the government’s target of moving towards a circular economy, Union Steel Minister Jyotiraditya Scindia has called for primary steel producers to use 50% of their input from recycled steel by 2047. Currently, only around 10% of recycled steel is used in primary steel production, despite contributing to 22.5% of the domestic total steel production. The managing director of mjunction, Vinaya Varma, emphasized the importance of sustainable steel production and highlighted their online platforms that ensure the consistent availability of various sources of steel scrap to consumers from all over India.

Overall, the Indian steel industry is facing challenges in reducing greenhouse gas emissions and achieving decarbonization. The government is pushing for an increase in the use of scrap in steel manufacturing to help reduce carbon emissions, but there are obstacles such as the availability of scrap and iron ore. Efforts are being made to promote the use of recycled steel and achieve a more sustainable steel production process.

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