India is dependent on imported scrap
Following the explosion caused by the
scrap containers that carried explosives, Indian Steel Minister Ram Vilas Paswan has announced that
India is dependent upon imported
scrap.
The
scrap requirement of
India for the current fiscal is reportedly 1.5 million tons. The Minister stated that due to limited availability of
scrap in
India, the country is dependent on imported
scrap.
The Minister also stated that in the first five months of the fiscal (April-August 04) 783'700 tons of iron and steel
scrap was imported.