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

Lies have short life, Cong’s ‘fake’ narrative smashed: Fadnavis

Temple idols found desecrated in Hyderabad, case registered

SC junks plea against quashing of LOC issued to ex-house help of Sushant Singh Rajput

JPC chairman Jagdambika Pal to visit K’taka on Nov 7 to meet farmers protesting Waqf notices

Indian boxer Mandeep Jangra wins WBF’s world title

IOA submits ‘Letter of Intent’ to host 2036 Olympics in India

CBDT allows tax officials to waive or reduce interest due from assessee

Related Articles More

CBDT allows tax officials to waive or reduce interest due from assessee

Markets fall in early trade amid unabated foreign fund outflows

New software for fast-tracking project approvals: Karnataka Minister Patil

In-flight passengers can access WiFi services only when allowed, say new rules

SEBI mulls separation of non-regulated activities; ‘cross-default’ definition for debenture trustees

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

M’luru: Open burning of waste causing environmental pollution in Adyar Kannur

Delhi: Man held for killing brother-in-law for ‘ill-treating’ his sister

Lies have short life, Cong’s ‘fake’ narrative smashed: Fadnavis

Temple idols found desecrated in Hyderabad, case registered

Rebels to be shown the door: Maharashtra BJP chief Bawankule

Thanks for visiting Udayavani

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