Sustainability
December 7, 2023
AM/NS India to move into scrap processing
ArcelorMittal Nippon Steel India (AM/NS India) is to establish three scrap-processing centres in anticipation of increasing difficulty meeting recycled steel requirements through imports.
The company will invest around INR1 bn ($12 M, €11 M) to build a yard at its 9 Mt/y integrated works in Hazira (Gujurat), another at Ahmedabad (Gujurat) and a third in Khopoli (Maharashtra) by December next year.
“We aim to significantly increase the scrap mix while simultaneously reducing dependence on steel making from primary raw materials like iron ore and coal,” CEO Dilip Oommen was quoted as saying by the Mint news service.
AM/NS India aims to achieve a 9% scrap mix by the end of 2025 through a new basic oxygen furnace (BOF) and the existing electric arc furnace (EAF). The current mix is around 4%.
The company also contends the investment will help it achieve carbon emissions reduction targets by maximising ferrous scrap use.
