Steel Expansion Plans Threatened By Scrap Metal Export Restrictions

Potential European Union limitations on scrap metal imports as it works to curb industrial emissions may make it more difficult for India to build its steel business.

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Countries are recycling more waste at home to limit the usage of polluting feedstocks in the steel-making process, such as iron ore.

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Imports are critical for India, which is scrap-deficient owing to its tiny customer base

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Policy moves such as the EU’s reform of its waste transport guidelines, which occurred after China restricted scrap metal exports

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Every country is going to protect their scrap due to a circular economy being implemented at home

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According to the industry organization, India is the second-largest buyer of European scrap after Turkey, with the remainder coming from the United States

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