The scrap processing plant of 0.5 million tonnes per annum capacity is scheduled to be commissioned soon. 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 Build, Own and Operate (BOO) partner is M/s Aarti Green Tech Ltd, a subsidiary of M/s Aarti Steel Ltd. 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., as per the press release.
This scrap would be processed through mechanised equipment and the high quality processed material would be supplied to electric arc furnaces (EAFs), induction furnaces (IFs) & foundries for downstream steel making, satiating their long-standing demand. Steel recycling business is a definitive green step by Tata Steel towards sustainable steel production and ecosystem.
“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,” said Yogesh Bedi, Chief, Steel Recycling Business, Tata Steel.
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.
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.