The government has come out with draft steel scrap policy, which is aimed at curtailing import dependency and make India self-sufficient by producing high-quality ferrous scrap.
The draft steel scrap policy, on which the Ministry of Steel has sought comments from the stakeholders by July 14, aims to promote resource efficiency in the steel sector.
“The policy envisages to set up environmentally sound management system for ferrous scrap which can encourage processing and recycling of ferrous scraps through organised and scientific metal scrapping centres across India to minimise dependency on import of scrap and make India self-sufficient in scrap availability,” said the draft steel scrap policy.
As per the draft dated June 28, 2019, the ministry or its appointed agency or other designated statutory bodies shall ensure that the policy is implemented in accordance with the state of the art environmental friendly technologies and in compliance with applicable acts, rules, and regulations.
The draft policy aims to promote circular economy in the steel sector and produce high-quality ferrous scrap for quality steel production thus minimising the dependency on imports.
Other objectives are to decongest the Indian cities from end of-life vehicles (ELVs) and reuse of ferrous scrap, processing and recycling of products in an organised, safe and environment-friendly manner and to evolve a responsive ecosystem by involving all stakeholders among others.
In 2017, the government had launched the National Steel Policy 2017 with an aim to develop a globally competitive steel industry by creating 300 million ton per annum steel production capacity by 2030 with a contribution of 35-40 per cent from Electric Arc Furnaces (EAFs)/Induction Furnaces (IFs) Route – used by secondary players.
“Although, ferrous scrap is the main raw material for secondary sector but primary sector also uses scrap in the charge mix of Basic Oxygen Furnace (BOF) to the tune of 15 percent to improve efficiency minimize cost of production and other process needs,” it said.
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