The leader of India’s Ministry of Steel has reportedly stated that the government will encourage investments in additional scrap-based steelmaking in that nation.
According to an online report from Mumbai-based moneycontol.com, an affiliate of CNBC, Steel Minister Chaudhary Birender Singh, while speaking at an industry conference, referred to scrap-fed electric arc furnace (EAF) steel mills as cost-effective, energy-efficient and environmentally friendly.
He reportedly urged steelmakers in India to “deliberate on the cost-benefit analysis of setting up scrap-based steel plants in north and west India.”
Singh said technology that involved the production of specialty and high-grade steels should be considered, as should mill locations near ports, according to CNBC.
In his presentation, Singh reportedly noted that India is already the second-largest importer of ferrous scrap, behind Turkey, and that it also was on pace to generate some 7.5 million tonnes of its own ferrous scrap each year. According to CNBC, he also expressed optimism in India’s ability to expand its annual steel output.
Latest from Recycling Today
- Equipment from the former Alton Steel to be auctioned
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
