Skip to main content

Tata targets recyclers in South East Asia

India – Indian steelmaker Tata Steel is looking at steel scrap recycling acquisitions in South East Asia and will continue to invest upstream to increase its self-sufficiency in raw materials.

‘We are looking at opportunities,’ its Group Director of Procurement, Kees Gerretse, is reported to have told the Reuters news agency at a Metal Bulletin steel scrap conference in Istanbul, Turkey.
‘We are looking, of course, not at the big ones (recyclers); we are looking at tier two or three opportunities,’ he elaborated. ‘We would like to have something in South East Asia as there is a shortage of scrap in that region.’
Tata is aiming to achieve 50% self-sufficiency in raw materials but is considered unlikely to reach this goal by 2014 as previously estimated. The Indian branch of the company is already self-sufficient in iron ore but imports some coking coal, whereas Tata Europe enjoys only 10-12% self-sufficiency in raw material, it is reported.
 

Would you like to share any interesting developments or article ideas with us? Don't hesitate to contact us.

You might find this interesting too

All change after healthy 2021
Steep fall in Turkish steel scrap imports, India seeing ‘exponential growth’ 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe