India May Permit Use of Secondary Steel Sector Rebars in Highways
Indian Express, citing sources close to the matter, reported that Indian government is set to allow steel made from recycled scrap to be used in
Indian Express, citing sources close to the matter, reported that Indian government is set to allow steel made from recycled scrap to be used in construction of roads and bridges. The report quoted a said a senior ministry official as saying that “It was decided that as long as the steel from recycled scrap and such sources meets the BIS standard, there should be no problem in using them in the projects. There will also be a requirement to set a stringent inspection regime for quality control at the ground level. An estimated 10,000 suppliers in India will potentially be eligible to bid for contracts to supply steel after the move, introducing competition and also enhancing the size of the sector.”
Sources said the move comes against the backdrop of recent deliberations in the Ministry of Road Transport and Highways chaired by minister Mr Nitin Gadkari, wherein it has been discussed that the steel industry in general and the top few premium steel makers in India in particular have hiked the price of steel by at least 50% in the past six months.