Tata Steel will be soon starting its recycling plant in Rohtak, Haryana which will further help Indian Steel industry to be self-sufficient and lower its dependency on imports.
Also, the first such facility in India is soon to be commissioned as per report is a scrap processing plant which can process 0.5 million tonne per annum (mtpa).
It will be equipped with state-of-the-art scrap processing equipment such as Baler, Material Handler, Shredder, among others. While its BOO partner would be a subsidiary of M/s Aarti Steel Ltd called M/s Aarti Green Tech Ltd.
Various market segments such as Obsolete Household Scrap, Construction & Demolition scrap, End-of-Life Vehicle scrap, Industrial Scrap ect, would be used to procure the scrap.
The processing would be done by a robust mechanized equipment to come out with a high quality processed scrap which would be then supplied to EAFs (Electric Arc Furnaces), IFs (Induction Furnaces) and Foundries for downstream steel making.
Steel Recycling Business is a definitive green step by Tata Steel towards sustainable steel production and ecosystem. The steel produced through the recycled route entails lower carbon emissions, lower resource consumption & lower energy utilisation, an official statement said.
According to an official statement, Tata Steel has taken a move towards a sustainable steel production and ecosystem with the start of this steel recycling business. Some of the benefits of recycling would include lower resource consumption, lower carbon emissions, and also lower energy consumption.
Yogesh Bedi, Chief, Steel Recycling Business, Tata Steel said, “Steel Recycling through the Electric Arc Furnace (EAF) route is a global trend and going forward it would become imperative for India’s sustainable growth aspirations."
By making available quality processes ferrous scrap, and also streamlining the currently unorganized scrap supply chain, while also lowering the dependency on imports, this initiative is fully focused to deliver the much needed raw material fillip to the steel industry today. According to the National Steel Policy, by FY30, there would be 300 mtpa and steel recycling would be playing its vital role in reaching this milestone.