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Read more about Tata Steel forays into scrap business, to set up process unit in Gurgaon on Business Standard. Tata Steel plans to set up a scrap processing facility near Gurgaon by the year end that will cater to a part of the company\'s raw material need for steel making.The unit is expected to grow into a Rs 1000 crore business in 6 to 8 years and mostly

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tata steel forays into scrap business

Tata Steel forays into scrap business, to set up

process unit in Gurgaon

Tata Steel plans to set up a scrap processing facility near Gurgaon by the year end

that will cater to a part of the company's raw material need for steel making.

The unit is expected to grow into a Rs 10 billion business in 6 to 8 years and

mostly process the off-road cars, other vehicles and retired white goods in the

NCR to produce scrap.

"Given the limitation of using scrap for steel making in the blast furnace route, 7-

10% of our blast furnace charge can be scrap or scrap equivalent," said Anand

Sen, President, TQM & Steel Business, Tata Steel.

sen said as the economy grows the scrap inventory

Sen said, as the economy grows, the scrap inventory is going up. More than 100

million cars are sold every year world-wide. After sometime, these are retired.

China has been producing more than 500 million tonne of steel per annum for last

10 years. At least 50 per cent of that comes back as scrap in a span of 8 to 10

years.

"Scrap so far has been an unorganised sector, with no control over quality, run by

middlemen.

We see an opportunity to do this in an organised way," Sen said on the side-lines

of Asia Steel International Conference co-hosted by Tata Steel and the Indian

Institute of Metals here.

If the Gurgaon unit works well, the company plans to set up similar units in Pune,

Sanand, Chennai and other auto hubs and metro cities where possibility of scrap

generation is high.

Tata Steel's Singapore arm NatSteel already has own scrap processing facility for

its electric arc furnaces, which use higher quantity of scrap compared to blast

furnaces, that run on iron ore and coking coal as feed.

With the government norms on CO2 emissions becoming stringent, steel making

through electric arc furnaces, where the emission is comparatively less, has

become an attractive proposition. "There are three main drivers we see making

this possible. Among them, CO2 is the first. The second, we expect the cost of

power, which electric arc furnaces will require more of, to get cheaper", Sen said.

He said, Tata Steel (Europe) and Rio Tinto have developed with the support of

EUROFER (the European steel association) a new steelmaking technology called

HIsarna, which is developed and tested at the company's Ijmuiden plant in

Holland.

on the lines of patented technologies like

On the lines of patented technologies like Siemens VAI's Corex and Posco's Finex,

the "breakthrough" technology doesn't require coking coal, which India mostly

imports. Moreover, the CO2 emission is 20 per cent less, he said.

Sen said, Tata steel has developed a new high tensile steel product, HS 800 mpa,

which has caught the imagination of the market and is doing extremely well.

However, Rebars, which account for 64 % of sale had not been doing very well in

the last 4-5 months

On products for the defence sector, he said, there are challenges in supply chain

management, requiring specialised, high quality steel, but in very small amount.

He said, the company has recently developed a new product to be used in

armours which has got inquiries from the Indian army.

Article By - Business Standard