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19 Oct
15:59

Indian stainless steel recycling potential seen growing

India represents a big potential market for stainless steel recycling, according to Ambica Steels chairman and managing director CP Gupta. The country’s annual Gdp growth is expected to recover to 7.5% in the next two years. India is already the world’s largest importer and consumer of stainless steel scrap. This because, besides being the second-largest stainless producer behind China, it has a very high proportion of scrap to primary use in it…
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