SCRAP PRICES INSIGHT

30 Mar2013 Scrap Insight MSTC plans to set up first Auto Shredding Plant in India Shredded scrap is regarded as important input material for the secondary steel industry. Metal Scrap Trade Corporation Limited (MSTC) is preparing to set up India’s first of... More

30 Mar2013 Scrap Insight MSTC plans to set up first Auto Shredding Plant in India Shredded scrap is regarded as important input material for the secondary steel industry. Metal Scrap Trade Corporation Limited (MSTC) is preparing to set up India’s first of its kind Auto Shredding Plant for the production of ferrous and non-ferrous shredded scrap. Motive behind setting up the plant: • In India Construction and automobile sector attracts the major steel requirement • But the country lacks organised auto-grade scrap shredding technologies for processing of metal scrap which results in poor yield as compared to international standards. • In India secondary steel producers make use of shredded scrap for production of steel by the Electric Arc Furnace method or the Induction Furnace method. Up till now Scrap goods which contain steel can be recycled through these methods. • Hence, MSTC plans to derive commercial and economic value through this pilot project worth Rs 120 Crore. To execut Less