Steel Ministry proposes scrap-based steel plants


Team Udayavani, Oct 15, 2017, 10:14 AM IST

New Delhi:  The government today announced the proposal to set up scrap-based steel plants in the northern and western part of the country. “The steel ministry proposes to set up steel plants with scrap as the raw material in various parts of north and west India,” Chaudhary Birender Singh said here.

The minister was addressing the India Segment of 2017 World Recycling Convention, organised by the Bureau of International Recycling (BIR) in partnership with FICCI, the industry body said in a statement.

The government expects that in the coming years, 44 per cent of the total scrap available in India would be generated at different locations in Jammu and Kashmir, Punjab, Haryana and Delhi would be used to produce steel, the statement said.

In addition, 67 per cent of scrap reaches western shores which could be utilised as feedstock to produce steel, the statement added. Singh said that initiative of the government to recycle waste products for productive purposes would result in saving of 65 per cent of iron ore.
Iron ore is the main raw material for steel production.

The government, he said, is adopting a 360 per cent holistic approach wherein the recycling industry can assist to achieve the production target by providing raw material for the steel sector. The minister also expressed hopes that legislation would be enacted to ban use of diesel vehicles in India.

“… the pending legislation on the ban on use of 15-year old diesel vehicles in India would be taken up and passed in the winter session of Parliament,” the minister said. According to the estimates of the steel ministry, after the ban, the scrap market would become attractive as it would fetch 10-15 per cent more price for metal scrap.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

National Herald: ED again summons Karnataka Congress chief D K Shivakumar

SA win toss, opt to field against India in 2nd T20I

Former UP CM Mulayam’s health deteriorates, shifted to ICU

Rangamandiras to be constructed in all districts: Minister Sunil Kumar

Statues of Kittur Rani Chennamma and Sangolli Rayanna to be installed in Suvarna Vidhana Soudha

Organs of Delhi AIIMS official’s sister give life to four

Gone with the loan: Indian ‘travel-philes’ bank big on ‘travel now, pay later’


Related Articles More

Gone with the loan: Indian ‘travel-philes’ bank big on ‘travel now, pay later’

Karnataka Bank launches ‘KBL Utsav’ loan campaign

FPIs turn net sellers again; withdraw Rs 7,600 cr from equities in Sep

We cannot afford to have IBC lose its sheen, says Nirmala Sitharaman

Decision to import areca nut from Bhutan: Farmers, traders fear price collapse

MUST WATCH

Day 7 | Goddess Kalratri

Huge Fish Found in Muloor

Uchila Dasara 2022 Celebration

Prime Minister Narendra modi apologize

Day 6


Latest Additions

National Herald: ED again summons Karnataka Congress chief D K Shivakumar

Maha: Depressed by delay in getting iPhone, teenage girl hangs self

SA win toss, opt to field against India in 2nd T20I

Kanpur tragedy result of bad roads: Akhilesh slams UP govt

Sonia Gandhi to participate in Bharat Jodo Yatra on Oct 6 in Karnataka: Sources

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.