Tata Steel flagged off the first raw material consignment of ferrous scrap on July 24, 2020 for trials at its 0.5 MnTPA steel recycling plant being set up in Rohtak, Haryana. With this, the company readies itself to move into the steel recycling space with India’s first state-of-the-art scrap processing plant.
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 and lower energy utilisation.
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. Tata Steel has been pioneering various aspects of the steel industry since its inception in 1907. The steel recycling business is yet another pioneering initiative from Tata Steel to enable a circular economy and a sustainable tomorrow.”
The initiative aims to provide the much-needed raw material fillip to the steel industry by making available quality processed ferrous scrap, streamlining the currently unorganised scrap supply chain, lowering the dependency on imports, and enhancing the transparency and efficiency in the entire value chain.
The plant is scheduled to be commissioned soon. The BOO partner is Aarti Green Tech Ltd, a subsidiary of Aarti Steel Ltd. It is the first such facility in India, equipped with state-of–the-art scrap processing equipment such as shredder, baler, material handler etc. The scrap would be procured from various market segments such as end-of-life vehicle scrap, obsolete household scrap, construction and demolition scrap, industrial scrap etc. This scrap would be processed through mechanised equipment and would be supplied to EAFs, induction furnaces (IFs) and foundries for downstream steel-making, satiating their long-standing demand.
The national steel policy envisages a 300 MnTPA steel production in India by FY30 and steel recycling will play a pivotal role in attaining this ambition.
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world’s most geographically-diversified steel producers, with operations and commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of USD 19.7 billion in the financial year ending March 31, 2020.