February 9, 2012
The Palms, Gurgaon, Delhi NCR
Scrap is a key input material that is used for steel making. The increasing use of steel scrap in steel making is largely attributed to its ability to be repeatedly used as an alternate material. Usage of steel scrap also conserves raw materials and energy.
The Indian steel industry is growing at a pace as fast as India’s industrial economy. Steel Scrap Recycling users in India are also growing at a rapid pace. As there is less domestic scrap generated then demand, India imports about 4 million tonnes to 5 million tonnes per annum.
Scrap imports in North India account for almost 20% to 25% of the total imports in the country, making North based secondary steel mills one of the largest buyers of Steel Scrap.
Since steel scrap is one of the most price sensitive commodity buyer and sellers relationship take back seat and deals are done purely on prices. But the steel scrap trade is plagued with several critical issues making trading with new buyers or sellers not only tricky but very risky.
While the overseas seller doubts the credibility of buyer, Indian mills face quality and many other issues including pricing, logistic, financing, reliability etc. In fact, the heavy price fluctuation leads to non-performance from both sides in many cases. It also leads to inclusion of traders and agents in the supply chain distancing real sellers and users. There are many more issues effecting smooth trade of steel scrap imports into India.
Today, no institution or group of interests holds the magical key to solve these issues and it is foreseen that with growing consumption and demand of steel scrap in India, the problems may amplify in future.
The Steel Scrap Summit 2012 being organized by SteelGuru on February 09, 2012 at The Palms , Gurgaon, Delhi NCR, India seeks to establish a neutral platform that will bring together the main stakeholders in the steel scrap import trade including overseas suppliers, agents, importers & traders, users and government authorities etc helping them to identify new solutions and partners for both scrap users and sellers, by analyzing the critical issues being faced by them.
1. Networking of overseas suppliers with actual users
2. Global scrap demand supply dynamics and outlook
3. Government policies
4. Logistic issues
5. Quality aspects
6. Financing opportunities
7. Shipbreaking dynamics and outlook
Who should attend?
1. Steel makers and actual users of scrap
2. Overseas scrap suppliers
3. Agents for scrap import
4. Importers and traders of scrap
6. Players in logistics
7. Financial institutes and banks
8. Analysts and consultants
9. Concerned representatives from government
10. Local trade bodies
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Source: Global Business Connect