Tata Steel on Friday last week in Rohtak, Haryana, flagged-off the first raw material consignment of ferrous scrap for testing at its steel recycling facility.
The 0.5 million tonnes per annum capacity Scrap Processing Plant is expected to be opened shortly. It is India's first such plant, fitted with state-of-the-art scrap processing equipment such as Shredder, Baler, and Material Handler etc.
The BOO partner is M/s Aarti Green Tech Ltd, a subsidiary of M/s Aarti Steel Ltd.
The scrap will be procured from various market segments including end-of-life vehicle scrap, obsolete household scrap, construction & demolition scrap, industrial scrap, etc. This scrap will be processed by mechanized machinery and supplied to Electric Arc Furnaces (EAFs), Induction Furnaces (IFs) & Foundries for downstream steel production, satiating their long-standing demand.
Steel Recycling Business is Tata Steel's first green step toward sustainable steelmaking and ecosystem. The steel generated by the recycled route includes lower carbon emissions, lower resource use, and lower use of energy, an official statement said.
Tata Steel, President, Steel Recycling Business, Yogesh Bedi said, "Steel Recycling through the Electric Arc Furnace (EAF) route is a global trend and it has become essential for India's sustainable growth aspirations to move ahead."
The initiative intends to provide the much-needed fillip of raw material to the steel sector by making accessible Quality Processed Ferrous Scrap, streamlining the currently unorganized supply chain of scrap, and lowering the reliance on imports.
The National Steel Policy envisages an annual output of 300 million tonnes of steel production by FY30 in India, and steel recycling would play a pivotal role in achieving this goal.