(LiveMint)
The centre will introduce a steel scrap policy this year which, in conjunction with the much-awaited vehicle scrappage policy, will lay out the rules and regulations for using scrap from old vehicles to produce steel.This policy will be out by this December, Aruna Sharma, secretary, ministry of steel, told Mint on the sidelines of an industry event.Earlier this month, Mahindra MSTC Recycling, a joint venture between state-run metal scrap trading firm MSTC and Mahindra Intertrade Ltd, started pilot runs for dismantling and selling scrap from old commercial vehicles in Greater Noida.
“Four more such centres are in the pipeline, and three of these will be run completely by the private sector,” Sharma said, declining to give any more details. “We have been waiting for the transport department to come out with its policy on the end-of-life of commercial vehicles. The steel scrap policy will be based on this,” Sharma said. Once this policy is in place, India will start producing steel from scrap. For a steel producer, it doesn’t make a difference whether you make steel from iron ore or scrap. The National Steel Policy’s target of 300 million tonnes (mt) of steel production by 2030-31 includes steel made from both iron ore and scrap.”
