Indian recyclers warn EU metal waste ban could raise costs, hit MSMEs

The European Union has proposed a ban on importing metal waste, a move that could disrupt India's scrap metal supply chain. This policy aims to reduce waste exports from the EU, but for India, it threatens to cut off a major source of raw materials.
This development is significant for the domestic metals market. India relies heavily on imported scrap to feed its recycling industry, particularly for aluminium, copper, lead, and zinc. A reduction in supply could force domestic recyclers to pay higher prices for available scrap, potentially squeezing profit margins for many businesses.
Investors should watch for updates on the EU's final policy and how domestic manufacturers adjust their sourcing strategies. The impact will likely vary across the sector, with companies heavily dependent on imported scrap facing the most immediate pressure.
Excerpt from BusinessLine
A leading Indian recyclers' group representing small and mid-sized firms has sought intervention from the government over India's proposed exclusion from European Union metal waste exports, according to a letter reviewed by Reuter In a response late on Wednesday, India's federal Ministry of Commerce and Industry…Read the original at BusinessLine
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