<p class="title">The Centre has notified the Steel Scrap Recycling Policy which aims to increase the domestic scrap generation and cuts down the import dependency.</p>.<p class="title">The policy deals with scrap including from households, railways, industrial sectors and automobiles.</p>.<p class="title">At present, around 25 million tonnes of scrapped steel comes from the domestic unorganised industry and the import of 7 million scrap costs around Rs 24,500 crore annually. Through the policy, the government aims to increase the availability of the scrapped material by another 7 million tonnes. The policy also proposes setting up of around 70 collection and dismantling centres.</p>.<p class="bodytext">The policy aims to promote the circular economy in the steel sector and producing high-quality ferrous scrap for quality steel production thus minimising the dependency on imports.</p>.<p class="bodytext">Other objectives are to decongest the Indian cities from end-of-life vehicles (ELVs) and reuse of ferrous scrap, processing and recycling of products in an organised, safe and environment-friendly manner and to evolve a responsive ecosystem by involving all stakeholders among others, said the statement from the steel ministry.</p>.<p class="bodytext">National Steel Policy 2017 (NSP-2017) aims to develop a globally competitive steel industry by creating 300 Million TPA steel production capacity by 2030 with a contribution of 35-40% from the end-of-life vehicles route.</p>
<p class="title">The Centre has notified the Steel Scrap Recycling Policy which aims to increase the domestic scrap generation and cuts down the import dependency.</p>.<p class="title">The policy deals with scrap including from households, railways, industrial sectors and automobiles.</p>.<p class="title">At present, around 25 million tonnes of scrapped steel comes from the domestic unorganised industry and the import of 7 million scrap costs around Rs 24,500 crore annually. Through the policy, the government aims to increase the availability of the scrapped material by another 7 million tonnes. The policy also proposes setting up of around 70 collection and dismantling centres.</p>.<p class="bodytext">The policy aims to promote the circular economy in the steel sector and producing high-quality ferrous scrap for quality steel production thus minimising the dependency on imports.</p>.<p class="bodytext">Other objectives are to decongest the Indian cities from end-of-life vehicles (ELVs) and reuse of ferrous scrap, processing and recycling of products in an organised, safe and environment-friendly manner and to evolve a responsive ecosystem by involving all stakeholders among others, said the statement from the steel ministry.</p>.<p class="bodytext">National Steel Policy 2017 (NSP-2017) aims to develop a globally competitive steel industry by creating 300 Million TPA steel production capacity by 2030 with a contribution of 35-40% from the end-of-life vehicles route.</p>
