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Scrap metal is emerging as a central pillar of India’s green steel strategy, industry leaders said at the 12th Indian Steel Markets Conference in Kolkata.
Organised by mjunction services limited, the conference highlighted that India consumes about 42 million tonnes of scrap annually, with demand growing at over 6% per year. The country also imports nearly 9 million tonnes, underscoring both rising requirement and the need to streamline domestic scrap collection and processing.
Speakers stressed that steel is infinitely recyclable without loss of properties, making scrap-based routes critical for lowering carbon emissions, reducing reliance on iron ore and coking coal, and supporting India’s long-term green steel and net-zero goals.
To address supply and efficiency gaps, mjunction has developed an AI-enabled scrap procurement platform, linking more than 250 GST-registered suppliers across 120+ locations and supplying around 1.2 million tonnes of scrap to integrated steel plants over the past three years.
With the conference theme “Recycle. Reshape. Innovate. Sustain.”, stakeholders agreed that formalising and digitising India’s scrap ecosystem is now strategic for both industrial growth and decarbonisation.
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