Lessons for India in China's scrap recycling

Recycling is an effective way of creating treasure out of waste at a fraction of the energy used in producing primary metals from minerals. Now that both ferrous and non-ferrous metals are ruling at historically high prices, the outlook for scrap recovery and metal production through the secondary route of melting of scrap has never been this good. Steel scrap deals are made at rates of over $600 a tonne.