Business Line reported that JSW Steel has acquired a land parcel spread over 30.5 acres in Pen in Raigad district of Maharashtra, about 4 km away from its existing 10 million tonne per annum integrated steel plant at Dolvi for INR 23 crore. JSW Steel’s Joint Managing Director Mr Seshagiri Rao said “JSW Steel said the project will be completed in 12-18 months after completion of land acquisition which should take about one-two months. The steel recycled will be used in the steel manufacturing plant at the Dolvi plant. Once this project is competed, the joint venture company will replicate it at other steel plants of the company.”Mr Rao added that the joint venture partner has all the know-how on processing scrap and it will come in hand while setting up the project.JSW Steel plans to set up a steel recycling plant at Pen in joint venture with New Zealand’s metal recycler National Steel Holdings at an investment of INR 175 crore using industry-leading machinery, technical know-how and relevant processes.Though scrap is the main raw material for secondary sector, primary steel producers also use the metal scrap in the charge mix of BOF (basic oxygen furnace) to the tune of 15% to improve efficiency, minimise cost of production and other process needs.
Business Line reported that JSW Steel has acquired a land parcel spread over 30.5 acres in Pen in Raigad district of Maharashtra, about 4 km away from its existing 10 million tonne per annum integrated steel plant at Dolvi for INR 23 crore. JSW Steel’s Joint Managing Director Mr Seshagiri Rao said “JSW Steel said the project will be completed in 12-18 months after completion of land acquisition which should take about one-two months. The steel recycled will be used in the steel manufacturing plant at the Dolvi plant. Once this project is competed, the joint venture company will replicate it at other steel plants of the company.”Mr Rao added that the joint venture partner has all the know-how on processing scrap and it will come in hand while setting up the project.JSW Steel plans to set up a steel recycling plant at Pen in joint venture with New Zealand’s metal recycler National Steel Holdings at an investment of INR 175 crore using industry-leading machinery, technical know-how and relevant processes.Though scrap is the main raw material for secondary sector, primary steel producers also use the metal scrap in the charge mix of BOF (basic oxygen furnace) to the tune of 15% to improve efficiency, minimise cost of production and other process needs.
