India will require more stainless steel in the future.
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India
07-11-2023
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Indian stainless steel manufacturer Jindal claims that growing scrap protectionism in a number of nations could present significant obstacles to the country's stainless steel industry's efforts to increase production and consumption of the metal.
Scrap self-sufficiency has been an urgent issue for India because the country prefers to use scrap steel as the primary raw material in the production of stainless steel. However, in the coming years, there will also be a greater need for stainless steel in India.
According to statistics, India, the world's second-largest consumer of stainless steel, will require 4.6–4.8 million tons in 2025 and 6.6–6.7.8 million tons in 2030.