Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Steel Minister Kumaraswamy Backs Green Growth at Salem Steel Plant
Union Steel Minister H.D. Kumaraswamy recently visited SAIL’s Salem Steel Plant, emphasizing the importance of sustainable steel production and innovation. During his tour, he reviewed key operations and engaged with plant officials and workers.
The minister highlighted the need to integrate renewable energy sources like solar and wind into steel manufacturing. This aligns with India’s broader goal of achieving Net Zero carbon emissions by 2070. He stressed that adopting green technologies would not only reduce environmental impact but also improve operational efficiency.
Kumaraswamy also called for the expansion of specialty steel production, especially for sectors like defense, aerospace, and infrastructure. He noted that improving capacity utilization and modernizing plant technology is essential for meeting the national steel output target of 300 million tonnes by 2030.
In meetings with SAIL leadership and labor representatives, the minister discussed ways to enhance productivity, profitability, and product quality. He reaffirmed the government's commitment to making India a global leader in sustainable steel production.
The visit marks a significant step in aligning India’s steel sector with environmental and industrial goals, reinforcing steel’s role as a driver of national development.
Also Read : K'taka govt mulls building flyovers on certain stretches of Bengaluru metro For dump ops, companies to pay fees on quantity of declared iron ore
On the global market for long products, production volumes are dropping and demand is falling short...
Ferrous 13-Jun-2024
Finance Minister Nirmala Sitharaman mentioned that the government will mandate the phased blending o...
Announcement 02-Feb-2024
Copper prices surged to the highest in nearly two years in China and hit a seven-month peak in Londo...
Non-Ferrous 13-Mar-2024
According to the chairman of the Adani Group, India's total infrastructure spending will exceed $2.5...
Construction 20-Jun-2024
India's coking coal imports have reached a 10-year high, with 58 million tonnes (MT) arriving in FY2...
Ferrous 18-Apr-2024
According to official data, Japan has slipped below Germany to become the world's fourth-largest eco...
Europe 15-Feb-2024