Govt Planning To Set Up Scrap based Steel Plants

Govt Planning To Set Up Scrap based Steel Plants

New Delhi.The government on Friday said it is planning to set up scrap-based steel plants in north and west parts of India to augment the country's production capacity. "We are examining the feasibility of setting up scrap-based steel plants," Steel Minister Chaudhary Birender Singh said during Make in Steel Conference here. Stressing that the scrap-based steel plants are environment-friendly, energy-efficient and cost effective, he said that these plants would be on the lines of 'melt and manufacture' steel technology used in the US.

Read Also : FinMin Sitharaman exchange views with Bhargav Dasgupta, VP (Market Solutions), ADB