Indian steel recycling the goldmine in junkyard

The Indian Steel industry is moving in a fast pace, becoming the second largest producer of steel in the world; while it sounds gratifying, it does come with a price to the society in high energy usage, increase in harmful emissions and green-house gases. The way out is efficient recycling of engineered goods there by saves energy, reduces emissions, conserves resources, saves foreign exchange, and creates large avenues for employment. For India being one of the fastest growing economies in the world has taken long time to foray into the structured recycling business, it is believed to be one of the most unorganized sectors in India. A treasure trove of opportunities is waiting for companies who are already in to scrap recycling as the policy get channelized there is benefits at all verticals. There is a hidden wealth waiting to be discovered out of the scrap.