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Scrap Emerges as Cornerstone of India’s Steel Decarbonisation Journey

Speakers emphasised that sourcing sufficient scrap remains a key challenge as India’s steel demand continues to rise.

Published

2 months ago

November 14, 2025

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Steel scrap is rapidly becoming a critical enabler of India’s green steel ambitions, industry leaders highlighted at the 12th Indian Steel Markets Conference, organised by mjunction services limited.

“Steel is one of the few materials that can be recycled endlessly without compromising strength or quality. This makes it the foundation not only of industrial growth, but also of sustainability,” said Vinaya Varma, Managing Director, mjunction services limited, during the opening session of the two-day conference. India currently consumes around 42 million tonnes of scrap annually, growing at over 6 per cent per year, with nearly 9 million tonnes being imported.

Reflecting global priorities around decarbonising steel, this year’s conference is centred on the theme: ‘Indian Steel Value Chain – Recycle. Reshape. Innovate. Sustain.’

“Sustainability is no longer optional—it is strategic,” noted Syed Jawed Ahmed, Executive Director, SAIL, as he outlined the company’s efforts to build capabilities aligned with emerging green steel norms.

Speakers emphasised that sourcing sufficient scrap remains a key challenge as India’s steel demand continues to rise. “Government capex accounts for nearly 60 per cent of steel consumption, but the needs of India’s young and expanding population are also accelerating demand,” said Girishkumar Kadam, Senior Vice President & Group Head, Corporate Sector Ratings, ICRA.

The supply side is equally strained. According to Sandeep Kumar, Vice President, Raw Materials, Tata Steel, reliance on imported coking coal is becoming increasingly expensive, while aggressive bidding for iron ore mines is pushing up domestic ore prices.

Beyond decarbonisation, the conference aims to offer sharp insights into the volatile global and domestic environment, policy transitions, shifting trade patterns, and the increasing focus on sustainability that is shaping India’s steel growth trajectory.

mjunction Strengthens Organised Scrap Procurement Ecosystem

With over two decades of leadership in the organised scrap trade, mjunction has been a key partner for industries ranging from Auto OEMs and EPC projects to P&M units and other industrial suppliers. As an early mover in enabling sales from Registered Vehicle Scrapping Facilities (RVSFs), the company has been sourcing scrap for organised buyers for the last six years.

To address the widening demand–supply gap, mjunction has developed an AI-driven digital procurement platform backed by a specialised team of scrap professionals. The platform ensures structured market access for buyers while maintaining strict environmental, legal, and commercial compliance. More than 250 GST-compliant suppliers have been onboarded across 120+ locations, reinforcing the network’s breadth and credibility.

Over the past three years, mjunction has supplied 1.2 million tonnes of scrap to major Integrated Steel Plants across 15 states. The company has also coordinated logistics for over 37,000 vehicles and 64 rail rakes, ensuring smooth, end-to-end delivery, Varma noted.

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SAIL Posts Highest-Ever December Sales, FY26 Growth Strong

December volumes jump 37 per cent, momentum continues through April–December.

Published

3 weeks ago

January 6, 2026

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Steel Authority of India (SAIL), a Maharatna central public sector enterprise and one of India’s largest steel producers, has recorded its highest-ever sales for the month of December, reflecting strong demand and improved operational performance.

According to provisional data, SAIL clocked sales of 2.1 million tonnes (MT) in December 2025, registering a robust growth of around 37 per cent compared with 1.5 MT sold in December 2024. This marks the company’s best performance for the month of December to date, with strong growth reported across product categories and sales channels, alongside a significant reduction in inventory levels.

The strong monthly performance was driven by a sharp focus on timely customer deliveries and enhanced market engagement. SAIL has also stepped up its branding and outreach initiatives in recent months, contributing to improved visibility and stronger customer connect in both retail and institutional segments.

The December showing helped SAIL sustain its growth momentum during the current financial year. Cumulative sales for the April–December 2025 period stood at 14.7 MT (provisional), reflecting a growth of about 17 per cent compared with 12.6 MT recorded during the corresponding period of the previous year.

In addition to solid performance in the domestic market, SAIL’s export volumes have also witnessed a significant increase, highlighting the company’s expanding global footprint and competitiveness in international markets. The improved export performance comes amid volatile global steel market conditions, underscoring SAIL’s ability to adapt and capitalise on emerging opportunities.

The sustained improvement in sales volumes reflects SAIL’s strengthened market presence, customer-centric approach and operational efficiencies. The record-breaking achievements across domestic and overseas markets reinforce the company’s position among India’s leading steel producers and are expected to further enhance its standing among major global steel players in the coming years.

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Ministry of Steel Invites Media Partners for Bharat Steel 2026

Global steel conference to be held in New Delhi in April 2026.

Published

3 weeks ago

January 6, 2026

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The Ministry of Steel, Government of India, has invited media organisations to partner with Bharat Steel 2026, an international conference-cum-exhibition scheduled to be held on April 16–17, 2026, at Bharat Mandapam in New Delhi. Envisioned as a premier global platform, the event will bring together policymakers, industry leaders, investors, technology providers and international stakeholders to discuss the future of the steel sector in India and worldwide.

Bharat Steel 2026 aims to showcase India’s steel vision, policy roadmap and investment opportunities, while fostering structured engagement between the Government of India and the global steel ecosystem. The conference is expected to see high-level participation from senior government leadership, key central ministries, state governments, chief executives of leading Indian and international steel and mining companies, global technology players, financial institutions, trade bodies and international delegations.

The two-day event is likely to feature key policy deliberations, industry announcements, business collaborations and knowledge-sharing sessions, with a strong focus on sustainability, innovation and long-term growth of the steel industry. Given its scale and international participation, Bharat Steel 2026 is expected to attract significant national and global attention.

In this context, the Ministry of Steel proposes to collaborate with leading media organisations to ensure wide-ranging and impactful coverage of the conference. Media partners are being invited across categories, including digital media, print media (magazines and newspapers), and electronic and television platforms.

The tentative scope of collaboration includes digital promotions through dedicated web banners and social media posts, publication of advertisements and editorial content in print, and broadcast of promotional material, interviews, panel discussions and event highlights on electronic and television channels. Coverage is envisaged across pre-event, event and post-event phases to ensure sustained visibility.

Partnering media organisations will gain enhanced visibility, access to senior government and industry leaders, exclusive content opportunities, press briefings and on-ground coverage during the event, enabling close engagement with one of the most significant government-led platforms in the steel sector.

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India Imposes Three-Year Tariff on Select Steel Imports

New duties aim to curb surge of low-priced steel from China

Published

4 weeks ago

December 31, 2025

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India has recently imposed import tariffs for a three-year period on select steel products, targeting a sharp rise in low-priced shipments from China that regulators say are hurting domestic producers.

The tariff has been set at 12 per cent in the first year, easing to 11.5 per cent in the second year and further tapering to 11 per cent in the third year. The measure follows concerns flagged by trade authorities over increasing imports at prices below prevailing domestic levels.

As the world’s second-largest crude steel producer, India has been grappling with sustained inflows of cheaper steel, particularly from China, raising anti-dumping concerns and putting pressure on local steelmakers’ margins and capacity utilisation.

The move is expected to provide near-term relief to domestic producers while allowing a gradual adjustment as duties are phased down over the three-year period.