Govt looking to set up two steel plants to process scrapped steel

The union government is planning to set up one such unit each in the north and south India

India plans to set up at least two integrated steel plants to process scrapped steel. The Union government is looking to have one such unit each in the north and south India.

The government is likely to go in for private partnership for putting up the units. About 8 million tonne (mt) of scrap is imported every year while India generates over 28 mt scrap.

“The ministry of road transport and highways is preparing a blueprint for this policy and we are also contributing. It may take anywhere between a fortnight to two months for the note to go to