India renews the regulation on scrap imports

India renews the regulation on scrap imports

The Indian government has recently published a new decree regarding the pre-shipment certificate requirement on scrap imports. As previously reported by SteelOrbis, following the blast that took place at the Bhusan Steel factory in Ghaziabad, Indian government published a new policy for scrap imports. According to the new policy released on October 15, 2004, a pre-shipment inspection certificate for all types of iron and steel scrap imported from war-ravaged countries was required. Although the new regulation caused shortage of subject raw material in domestic market, Indian government has recently decided to broaden the scope of the regulation. According to the new decree, a pre-shipment inspection certificate for all types of imported iron and steel scrap regardless of origin is required. Shredded scrap is exempted from the new regulation.