Indian steel producers suffer from the restriction on scrap imports

Indian steel producers suffer from the restriction on scrap imports

As reported by SteelOrbis back in mid-October, the Indian government decided to restrict scrap imports following the blast that took place at Bhusan Steel factory in Ghaziabad as a result of scrap containers' containing explosives. The Union Government firstly imposed the restriction upon imports from war-ravaged countries, followed by a new decree which requires a pre-shipment inspection certificate for imports of all iron and steel scrap. As there is a shortage of availability of iron and steel scrap in the country, most mills have been importing the subject raw material used in steelmaking. However, with the new regulation, the fact that importing scrap has become more costly has caused concern among steel producers in the country. Now, the producers are demanding the government to take action to remedy the problem.