Steel Production Current Affairs - 2020
On January 31, 2020, at the World Sustainable Development Summit released its report on India’s Steel Demand. According to the report, if the steel demand of the country continues to grow, the carbon-dioxide emissions from the steel sector will reach 600 million tonnes by 2050.
The TERI released its report titled, “Towards a Low Carbon Steel Sector: Overview of the Changing Market, Technology and Policy Context for Indian Steel”. According to the report, the current carbon-dioxide emissions from steel sector is 242 Million Tonnes. This is 35% of total carbon dioxide emissions of the country. It is to quadruple in three to four decades.
Suggestions made by the report
In order to manage the increase in steel demand emissions, India should start increasing the use of domestic scrap and deploy energy efficiency measures. The report also recommends establishing low carbon technologies. It also expects that the decarbonization technologies that are in the demonstration stage will reach commercial markers in next 20 years.
TERI also suggests penalty for emissions starting from 2030. This will force industries to adopt deeper decarbonization technologies.
Tags: carbon dioxide emissions • Energy • Energy Sector • Global Warming • Industrialization
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”.
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.
Tags: CII • Crude Steel • Eastern States • High Quality Steel • Ministry of Steel