South India’s metallic mix scenario FY’25 Vs. FY’30

As the BF-BOF route dominates steel production in certain key hubs in South India, the usage of iron ore and metallurgical coal is widespread. Ferrous scrap consumption has gradually increased with the development of IF-based facilities, as well as EAFs of some leading producers in the region. BigMint data show that scrap consumption in steelmaking stood at 8 mnt in FY’25 across the six states covered. This is an increase of around 11% y-o-y compared with 7.2 mnt in FY’24. Notably, scrap usage in IF steel production stood at 5.8 mnt, while use in BOFs and EAFs in the region stood at 1.4 mnt and 0.4 mnt, respectively.