Steel Scrap Recycling Policy: A Shot in the Arm for Steel Industry

The Ministry of Steel on 8th November, 2019, came out with a Steel Scrap Recycling Policy in a bid to ensure quality scrap for the steel industry in India.

Aim

  • To reduce imports, conserve resources and save energy.
  • To help all stakeholders engaged in collection, dismantling, processing, and transportation in order to ensure the sustainable development of scrap-based steel industry.

Need for the Policy

  • The availability of scrap is a major issue in India and in 2017 the deficit was to the tune of 7 million Tons due to which the government had to import scrap worth Rs. 24,500 ....

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