Steel conference in Chennai. The conference covered multiple aspects of steel making: pricing, policy, trends, and technology, and drew in a good crowd. The fireside session by Mr. PK Murugan was inspiring.
Green Steel is making waves, and I would like to single out a document by the MINISTRY OF STEEL, Greening the Steel Sector in India: Road Map and Action Plan. This is one of the best reports I have come across, detailing the thought and implementation plan of Green Steel in India.
The Ministry of Steel could, maybe, be one of the first organizations in the world to have developed the definition and methodology of Green Steel. Steel making is a complex subject with a variety of processes, raw materials, technology, and resources involved in its making. To combine all that into a simple metric is indeed commendable.
The report defines Green Steel in 3 categories, 5 Star Green Steel < 1.6, 4 Star Green Steel 1.6 to 2.0, and 3 Star Green Steel as 2 to 2.2 (Units: Ton CO2e/ Ton of Finished Steel).
The simplicity of this definition connects very well with businesses and we had ARS Steel announcing that their steel is way lower than 5 Star Green Steel at a carbon emission level of 590 tCO2e/tfs.
Green Steel could possibly transform the Indian Steel Industry into one of the Cleanest steel-producing countries in the world.
Mr.Ragu TS | Mr.Hariharaputhiran H. |Mr.Nirmalaya Deb |Mr.Anand Toshniwal |BigMint (formerly SteelMint/CoalMint) |ARS Steels & Alloy International Pvt. Ltd|Boston Consulting Group (BCG) |Conserve Consultants |Tata Steel
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