In a bid to reduce carbon emissions, Minister for Steel Jyotiraditya Scindia emphasized the need for India to increase the volume of vehicle scrap used in steel production. Speaking about the challenges faced by the domestic steel industry, he highlighted the role of imports, particularly in the specialty steel segment, and the existence of excess capacity in other countries, such as China.Addressing the global push for decarbonization, Scindia emphasized the need for a consensus on the definition of 'Green Steel' at the international level. In the meantime, he called upon domestic steel companies to focus on mitigating carbon emissions. One approach he suggested is the increased recycling of end-of-life vehicles (ELVs) for steel production. With a significant reserve of ELVs in the public and private sectors, Scindia stressed the importance of utilizing this resource to enhance steelmaking.As India strives to balance its steel industry's growth and sustainability, Minister Scindia's remarks shed light on the significance of incorporating green practices and addressing import challenges. The nation's steel sector is poised to contribute to a greener future while ensuring the protection of domestic interests and fostering international collaborations.
In a bid to reduce carbon emissions, Minister for Steel Jyotiraditya Scindia emphasized the need for India to increase the volume of vehicle scrap used in steel production. Speaking about the challenges faced by the domestic steel industry, he highlighted the role of imports, particularly in the specialty steel segment, and the existence of excess capacity in other countries, such as China.Addressing the global push for decarbonization, Scindia emphasized the need for a consensus on the definition of 'Green Steel' at the international level. In the meantime, he called upon domestic steel companies to focus on mitigating carbon emissions. One approach he suggested is the increased recycling of end-of-life vehicles (ELVs) for steel production. With a significant reserve of ELVs in the public and private sectors, Scindia stressed the importance of utilizing this resource to enhance steelmaking.As India strives to balance its steel industry's growth and sustainability, Minister Scindia's remarks shed light on the significance of incorporating green practices and addressing import challenges. The nation's steel sector is poised to contribute to a greener future while ensuring the protection of domestic interests and fostering international collaborations.
