Govt nods forming task forces to identify aspects of green steel production

The minister further said that steel producers need to increase the capacity of their washeries so dependence on imports for coal can be reduced

Union steel minister Jyotiraditya M Scindia
Union steel minister Jyotiraditya M Scindia
Press Trust of India New Delhi
2 min read Last Updated : Apr 04 2023 | 10:45 PM IST

Steel Minister Jyotiraditya Scindia has approved the formation of 13 task forces to identify action points for each aspect of green steel production and adoption of sustainable manufacturing processes.

The task forces will focus on various aspects of green steel production, including raw materials, technology, and policy frameworks. the minister said.

"We are committed to promoting sustainable steel-making practices in India. Setting up task forces is a significant step towards achieving this goal. We believe that the adoption of green steel production will not only benefit the environment but also lead to the creation of new jobs and economic growth" a steel ministry statement quoted Scindia as saying.

Various stakeholders of the steel industry, academia and government officials will be part of the task forces.

The minister further said that steel producers need to increase the capacity of their washeries so dependence on imports for coal can be reduced. He also suggested the players explore new sources for coal import.

Scindia recently said his ministry will push primary steel producers to use 50 per cent of their input from scrapped/recycled steel by 2047 to help achieve the government target of moving into a circular economy.

The Minister has also said that the domestic steel industry must adopt low-carbon emitting steel-making processes as key raw material coking coal and iron ore may not be a viable option in the future based on an ESG parameter.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :steel ministrySteel productionsJyotiraditya Scindia

First Published: Apr 04 2023 | 10:45 PM IST

Next Story