Homescrap metal pricesIndia Steel Scrap Summit 2011 Announcement

Steel Scrap Summit -  Friday 18 November 2011 -  The LaLiT, New Delhi

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The Indian steel industry is growing at a pace as fast as India’s industrial economy. The 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.

Since steel scrap is one of the most price sensitive commodities buyer and sellers relationships 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 2011” being organized by SteelGuru on 18th November 2011, at The LaLiT New Delhi 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, helping them to identify new solutions and partners for both scrap users and sellers, by analyzing the critical issues being faced by them.

Highlights of the Agenda:
Emergence of India amid Global Steel Scenario -  Global scenario,  Chinese scenario
Indian growth prospects and steel consumption forecast -  Outlook for long products,  Role of secondary sector in India and outlook
Steel Scrap Dynamics -  Global steel scrap scenario,  Major users and importing countries,  Indian steel scrap imports for scenario
Ship Breaking -  Global scenario,   Indian emergence,  Issues
Critical issues and way forward -  Government policies,  Seller’s perspective,  Importers’ perspective,  Buyer’s perspective,  Logistic player’s perspective
Panel discussion / Open House

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