India's steel industry is undergoing a transformation. Secondary steel mills are increasingly opting for direct reduced iron (DRI) over imported scrap.
Factors driving this shift include declining scrap imports due to economic slowdown, rising freight costs, and weather disruptions. DRI's competitive pricing and government's focus on decarbonization are further boosting its appeal.
This transition is expected to reduce India's reliance on imported scrap and promote domestic steel production.
