India has a history of being a strong exporter of iron and steel, but increasing investments in infrastructure, driven by urbanization, have increased domestic demand and changed the situation. The amount of steel and iron is increasing in the country, and the steps toward a circular economy have been backed by Tata Steel entering the iron recycling business.
The metal recycling market in India is thus driven by the country’s urgent need to organize the recycling sector. This entails meeting the demand for automated and faster methods of processing scrap as the country develops its capabilities and economy. At the same time, the waste import bans in China have resulted in the U.S. and Europe finding a more established market in India. A lot of scrap—both ferrous and non-ferrous—now comes in from Europe and the USA./p>
Here is main text When the current discussions and policies fully are implemented, India will have brought its recycling activities to the level we see in more mature markets. This offers great business opportunities in several industries, and we at Metso are proud to be supporting the reaching of common goals on sustainability.
Private and public sectors are increasing their investments in scrap recycling in India
– John Michale