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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