What it is
Old and new steel waste (heavy melting scrap, shredded, bundles, turnings, ship-breaking plates) melted in induction and electric arc furnaces.
HMS 1 and HMS 2Shredded scrapPressed bundles (CRC/HR)Turnings and boringsRe-rollable ship-breaking scrapStainless scrap (by grade)
Where India produces it
Where imports come from
High for quality melting scrap: 11.17 million tonnes imported in 2023-24.
- USA — 1,634,796 t of 11,165,464 t steel scrap imported in 2023-24
- United Kingdom — 1,626,411 t in 2023-24
- UAE — 772,725 t in 2023-24
- Singapore — 620,558 t in 2023-24
Rules before you buy or sell
- The Steel Scrap Recycling Policy (Ministry of Steel) sets out collection and processing through registered scrapping centres.
- Remelting scrap imports are 'free' under ITC(HS) 2022 (IMYB 2024), but imported metal scrap must clear DGFT and customs conditions (such as pre-shipment inspection where required) and the Hazardous and Other Wastes Rules, 2016.
- Check the current import and export policy for your exact 8-digit HS code in the DGFT ITC(HS) schedules.
Storage and handling
Keep in a fenced yard on hard ground; check every lot for sealed containers or explosives before melting.
Businesses that use it
Steel Castings (Induction Furnace Foundry) →Stainless Steel Ingots (Induction Furnace) →Metal Scrap Recycling Unit →Investment Casting (Lost Wax Process) →Steel Re-Rolling Mill (MS Rounds, Angles, Channels, Tor Steel) →