Loading in 2 Seconds...
Loading in 2 Seconds...
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
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
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 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
"Scrap so far has been an unorganised sector, with no control over quality, run by
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
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