Why ferrous scrap is becoming a strategic lever for Indian steelmakers

Welcome to the EY India Insights Podcast series!

In this episode, Kapil Bansal, Partner, Energy Transition and Decarbonization at EY‑Parthenon India, shares insights on the growing importance of ferrous scrap as a strategic resource for Indian steelmakers in their decarbonization journey.

The discussion explores how increased scrap adoption can help steel companies reduce reliance on carbon‑intensive raw materials, lower emissions, manage cost volatility, and support India’s ambitious steel capacity expansion plans. Kapil also delves into the challenges of India’s fragmented and largely informal scrap ecosystem, highlighting the role of technology, formalization, and traceability in unlocking value and enabling credible low‑carbon steel production.

Tune in to understand the policy, procurement, and partnership shifts required to build a resilient, circular, and low‑carbon domestic steel ecosystem, and how ferrous scrap can serve as a critical enabler of India’s energy transition.

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