8 months ago

India to finalize steel scrap policy

India to finalize steel scrap policy
Govt plans new steel scrap recycling guideline · financialexpress.com

The Indian government is working on a new policy to recycle steel scrap.

This policy will help use more scrap in making steel, which saves resources and reduces pollution.

The government is also looking at urban waste to find important minerals.

They want to make India a big recycling center for these minerals.

Experts suggest making the policy easy to follow and rewarding people who collect and process scrap.

The government has also started a scheme to help with recycling, and many private companies are interested.

This will help make steel production cleaner and more efficient, and also help India meet its goals for reducing emissions.

Key facts

Policy Status
Finalizing
Expected Completion
Next couple of months
Current Scrap Availability
36 million tonnes
Target Scrap Share
31% (global average)
Steel Capacity Target 2030
300 million tonnes
Steel Capacity Target 2047
500 million tonnes
Net Zero Target
2070
Recycling Scheme Budget
₹1,500 crore
Recycling Scheme Launch Date
October 2, 2025
Expected Application Completion
April 2026

Quotes

Power Ministry

The Power Ministry is the government body responsible for the development and implementation of policies related to the power sector in India.

“With the various new provisions, the Draft NEP 2026 provides a comprehensive blueprint for a future ready, financially viable and environmentally sustainable power sector to provide reliable and quality power at affordable price to meet the goals of Viksit Bharat @ 2047.”
thestatesman.com

Sources

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