High Quality Steel Current Affairs - 2020

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GoI to launch Purvodaya to accelerate Eastern India Development

On January 10, 2020, the Ministry of Steel announced that it will launch “Purvodaya”, a world class steel hub. The hub aims at an accelerated development programme of eastern states. The Ministry will be joined by CII (Confederation of India Industries) in the implementation of “Purvodaya”.

Highlights

The initiative aims at developing the eastern states through an integrated steel hub. The steel hub will create 2.5 million jobs in the region. It will create world-class logistics and infrastructure. This will also help in achieving India’s steel policy target of 300 MT by 2030.

The Steel Hub

The Steel Hub will develop steel clusters in the region. It will transfer the utilities and logistics infrastructure into socio-economic landscape. So far, 12 major steel zone has been identified under the initiative in the region.

Why Eastern States?

The 5 Eastern states namely West Bengal, Chhattisgarh, Jharkhand, Odisha and Northern Andhra Pradesh are extremely rich in coking coal, bauxite and dolomite reserves. The region also has major ports such as Haldia, Paradip, Kolkata and Vizag. Therefore, setting up a steel hub in the region will help India achieve its 5 trillion-dollar economy target fast.

The region also has potential to add 75% of country’s incremental steel capacity.

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GoI releases Steel Scrap Recycling Policy

The National Steel Policy that was released on November 8, 2019 aims at developing globally competitive steel industry. It aims at creating 300 million tons of steel per annum by 2030.  The policy was released by Ministry of Steel

Objectives of the Policy

  • The policy aims at promoting scientific collection and processing activities of recyclable ferrous and non-ferrous scraps.
  • The objective of the policy is to produce high quality ferrous scrap that helps to increase high quality steel production.
  • It also aims in relieving cities from Extra Low Voltages and boost the reuse of ferrous scrap. Extra Low Voltage systems are deployed in commercial and residential buildings for better security and control. It mainly consists of CCTV and Intercom.
  • It also promotes the ‘6R’ principle. It includes Reduce, Recycle, Reuse, Recover, Remanufacture and Redesign

Significance

  • The Policy provides guidelines for collection, shredding and dismantling activities in a safe and sound environment.
  • The Policy will envisage a framework to establish metal scrapping centers in the country.
  • It will help in setting up environmentally sound ferrous scrap handling systems.
  • India is currently importing metal scraps from African countries. Around 70% of the metal scraps comes from these countries. The policy will help reduce dependency on imports.

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