Business Line reported that Tata Steel will set up small-sized factories to make reinforced steel from scrapped automobiles and other products. Tata Steel Managing Director & CEO Mr TV Narendran said “We are talking about setting up, in the next few months, half a million or 800,000-tonne steel plant which will process scrap steel and convert that into reinforced steel. Such plants can be set up on an area of 50-100 acre closer to the recycling unit using the electric arc furnace route instead of the conventional steel plant that requires 3,000 acres. We plan to set up one in the South and West over the next few years.”Tata Steel has already commissioned its first such steel recycling plant in Rohtak in Haryana last year in partnership with Aarti Green Tech, a build-own-operate partner. The Rohtak facility would source scrap from market segments such as end-of-life vehicles, obsolete households, construction and demolition, industrial etc. through an app FerroHaat. The scrap is processed through mechanised equipment and supplied for downstream steel making. Steel thus produced entails lower carbon emissions, resource consumption and energy utilisation.
Business Line reported that Tata Steel will set up small-sized factories to make reinforced steel from scrapped automobiles and other products. Tata Steel Managing Director & CEO Mr TV Narendran said “We are talking about setting up, in the next few months, half a million or 800,000-tonne steel plant which will process scrap steel and convert that into reinforced steel. Such plants can be set up on an area of 50-100 acre closer to the recycling unit using the electric arc furnace route instead of the conventional steel plant that requires 3,000 acres. We plan to set up one in the South and West over the next few years.”Tata Steel has already commissioned its first such steel recycling plant in Rohtak in Haryana last year in partnership with Aarti Green Tech, a build-own-operate partner. The Rohtak facility would source scrap from market segments such as end-of-life vehicles, obsolete households, construction and demolition, industrial etc. through an app FerroHaat. The scrap is processed through mechanised equipment and supplied for downstream steel making. Steel thus produced entails lower carbon emissions, resource consumption and energy utilisation.
