Why scrap suddenly matters
India steel industry is moving fast towards secondary steelmaking. The Ministry of Steel 2030 vision targets 300 million tonnes of crude steel capacity, and scrap-based electric arc furnace (EAF) and induction furnace (IF) routes will supply an increasingly large share. That translates into a booming domestic scrap trade.
Categories buyers should recognise
- HMS 1 and 2 - heavy melting scrap, the workhorse feed for EAFs
- Shredded scrap - cleaner, denser, priced 10-15% premium
- Turnings and borings - machining scrap, needs briquetting for efficient charging
- Bundled sheet - from stamping operations, high yield
Pricing dynamics
Indian scrap prices track a blend of London Metal Exchange (LME), Turkish import parity, and domestic steel bar prices. Watch the 30-day moving average of Turkish HMS 1 and 2 CFR - it leads Indian domestic scrap by roughly two weeks.
What sellers should prepare
Photos of the material stacked and weighed, radiation-free certificate for imported scrap, and clear yard-loading terms. Buyers on The Loha Bazaar respond faster to listings with all three.
Scrap yards, dismantlers, and processors - list your inventory on The Loha Bazaar to reach EAF and IF buyers across India.