Steel Scrap Recycling Policy to Provide Framework for Scrapping Centres
The SSRP provides standard guidelines for collection, dismantling and shredding of metal scrap in an organized, safe and environmentally sound way.
SEATTLE (Scrap Monster): The Union Steel Minister Dharmendra Pradhan announced that the Indian government has notified a new Steel Scrap Recycling Policy (SSRP). The policy aims to provide necessary framework for establishment of metal scrapping facilities in the country.
The SSRP provides standard guidelines for collection, dismantling and shredding of metal scrap in an organized, safe and environmentally sound way. It outlines guidelines for setting up and operating dismantling and scrap processing centres. Further, it describes the obligations of aggregators and manufacturers. As per the policy, government will not be responsible for setting up scrap centres. Rather, it will provide a framework for their establishment.
ALSO READ: Indian Steel Ministry Announces Plans to Boost Scrap Steel Availability
Making the announcement in the Parliament, the Minister noted that the policy does not have mention to any incentive on scrap sale. It will be determined, based on the prevailing market conditions, he said. Other ministries- Ministry of Road Transport and Highways and Ministry of Environment, Forest and Climate Change will also play a key role in sanctioning of scrap centres, Pradhan added.
- Panama President Sees No Environmental Threat from Copper at Closed First Quantum Mine
- Consumers Sue Exxon, Dow, Others over Plastic Recycling Claims
- VLS Environmental Solutions Announces Acquisition of Clearfield MMG in Virginia
- December 19, 2024: Scrap Gold and Platinum Prices Dipped, Silver Up on the Index
Scrap Metal Prices
Copper Scrap | ||
Alternator | 0.40 | $US/Lb |
#1 Copper Bare Bright | 4.17 | $US/Lb |
Aluminum Scrap | ||
356 Aluminum Wheels (Clean) | 0.81 | $US/Lb |
6061 Extrusions | 0.71 | $US/Lb |
Steel Scrap | ||
#1 Bundle | 360.00 | $US/MT |
#1 Busheling | 380.00 | $US/MT |
Electronics Scrap |