ASP starts to import scrap due to shortage
Durgapur-based specialty steel producer Alloy Steel Plant (ASP), a unit of Indian steel producer Steel Authority of
India Ltd (
SAIL) has reportedly started importing
scrap through the Metal and
Scrap Trading Corp Ltd (MSTC) to overcome shortage problem.
ASP has reportedly imported 1'000 tons of
scrap iron from
Europe so far.
ASP officials stated that it is the first time in recent years that they imported
scrap and added that they had no alternative but to import
scrap due to scarcity of the subject raw material in domestic market.
Meanwhile, ASP does not only use
scrap for
steelmaking, it also uses
pig iron, which is supplied by Neelachal Ispat. ASP plans to reduce its dependence on
scrap iron in the near future.