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SCRAP AVAILABILITY FOR STEEL
New steel policy in works as India shifts focus to premium and green steelIndia is developing an innovative steel policy aimed at redefining the industry landscape by 2035 and 2047. This initiative will establish ...- India lacks adequate scrap supply, only 25% steel demand can be met through scrap-based production: Former Steel SecyIndia's steel sector grapples with limited scrap for green production. Only 25 percent of steel demand is met by scrap-based manufacturing....
- ELV rules make auto sector non-compliant; FY26 scrap target missed by 70%Industry executives blame an 'unrealistic policy' after a rule change disallowed using other steel scrap for compliance. This makes meeting...
- Steel Ministry ramps up efforts to boost domestic scrap supply amid global export curbsIndia’s steel ministry is coordinating with other ministries to boost domestic steel scrap supply amid potential EU and US export restricti...
- Scrap availability going to be challenging as 60 nations take measures to ban exports: steel secyThe Indian government has been encouraging and urging domestic players to make efforts in increasing scrap's share in steel manufacturing.
- Sustainability in upstream industries imperative for steel industry, says WSA’s Andrew PurvisAnd while steelmakers will continue to deploy technology to make the process more sustainable, it is imperative that upstream industries wh...
- Exemption on ferrous scrap saving grace for stainless steel sector: JSL MDIn her budget speech, the finance minister proposed to continue the exemption from basic customs duty (BCD) on raw materials for manufactur...
- Steel ministry seeks duty-free import of ferronickelThe domestic stainless steel manufacturing industry meets the bulk of its nickel requirements through ferronickel and stainless steel scrap.
- FICCI seeks zero customs duty on ferronickel; higher import levy on stainless steel flat products in BudgetFinance Minister Nirmala Sitharaman is scheduled to present the Union Budget for FY2022-23 on February 1, 2022. In its budget recommendatio...
- Tata Steel to commission first scrap-based plant in Haryana's Rohtak soon"The first state-of-the-art scrap processing plant of 0.5 million tonne per annum capacity, which is being set-up in Rohtak, Haryana, is sc...
- Can Arun Jaitley show some mettle for the steel sector in this Budget?Steel experts too believe that the landed price of raw materials is an important area to focus on.
- Budget 2018: Secondary steel makers demand removal of import duty on scrapAbolition is expected to help small and medium steel enterprises that are dependent on imports for around 60 per cent of their raw material...
- Government mulls setting up scrap-based steel plants"We are examining the feasibility of setting up scrap-based steel plants," Steel Minister Chaudhary Birender Singh said during Make in Stee...
- Steel industry seeks withdrawal of import duty on scrapThe steel industry today demanded withdrawal of 2.5 per cent import duty imposed on melting and stainless steel scraps.
- Budget 2013: Increase basic customs duty on steel melting scrap to 10 percent, asks SIMAThe Sponge Iron Manufacturers Association (SIMA) has asked for an increase of basic customs duty on steel melting scrap from 0 to 10 percen...
- Budget 2013: Increase customs duty on sponge iron to 10 percent, asks SIMABudget should increase customs duty on sponge iron from current level of 5% to 10%, SIMA said in its pre-Budget memorandum.
- Budget 2013: AIIFA wants government to consider deemed duty paid on steel scrapAIIFA in its pre-budget 2013 memorandum has asked the govt to consider deemed duty paid on steel scrap
- Budget 2013: Increase basic customs duty on steel melting scrap to 10 per cent, asks SIMAIn its pre-Budget memorandum, SIMA said import of steel melting scrap in current financial year from April 2012 to January 2013 has broken ...
- Budget 2013: Increase customs duty on sponge iron to 10 per cent, asks SIMAIn its pre-Budget memorandum, SIMA said import of steel melting scrap in current financial year from April 2012 to January 2013 has broken ...
- Budget 2013: AIIFA proposes deemed credit of duty on steel scrap for availing CENVAT creditThe All India Induction Furnaces Association (AIIFA) has proposed deemed credit of duty on steel scrap for availing CENVAT credit for consi...
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