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.
This story is from the July 2019 edition of Steel Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 2019 edition of Steel Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.
Seaborne coking coal offers remain range-bound
Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister
Iron ore handled by major ports down 17% in H1
The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
Shrinking China output to boost India exports
“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
September crude steel production up 7.2% y-o-y
India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
“Five enablers: way forward to sustainable cleaner steel”
Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.
