Import limit for stainless steel scrap revised: higher allowance for furnaces with refining facilities, grade limits and alloy deductions required. Amendment to SION C-525 permits a higher proportion of stainless steel melting scrap for Induction Furnaces with AOD/VOD and Electric Furnaces, limits a lower proportion for Induction Furnaces without AOD/VOD, and restricts allowed scrap to grades relevant to the export product. It requires reduction of ferroalloy/metal allowances to account for recoverable alloying elements in the scrap by deducting the equivalent quantity calculated by the prescribed formula from the total quantity determined under Sl. No. 2 read with Note 3.
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Import limit for stainless steel scrap revised: higher allowance for furnaces with refining facilities, grade limits and alloy deductions required.
Amendment to SION C-525 permits a higher proportion of stainless steel melting scrap for Induction Furnaces with AOD/VOD and Electric Furnaces, limits a lower proportion for Induction Furnaces without AOD/VOD, and restricts allowed scrap to grades relevant to the export product. It requires reduction of ferroalloy/metal allowances to account for recoverable alloying elements in the scrap by deducting the equivalent quantity calculated by the prescribed formula from the total quantity determined under Sl. No. 2 read with Note 3.
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