The Global steel leader, =”https://www.tatasteel.com/” target=”_blank” rel=”noopener”>Tata Steel launched two new brands namely Tata FerroBaled® and Tata FerroShred® for its Baled & Shredded Ferrous Scrap produced. The group lived up to its commitment of sustainable tomorrow and commissioned its new 0.5 MnTPA Steel Recycling Plant at Rohtak, Haryana. The plant has been set up in collaboration with M/s Aarti Green Tech Ltd., as a ‘Build, Own, Operate’ (BOO) partner. This facility is the first of its kind in India and is equipped with modern and mechanised equipment. They will procure the scrap from various market segments like end-of-life vehicles, obsolete households, construction & demolition, industrial etc. This will be done through an App FerroHaat®. The high-quality processed scrap will be supplied for downstream steel making. Steel produced through this route will result in lower carbon emissions, resource consumption and energy utilisation.
Their newly launched brands – Tata FerroBaled® and Tata FerroShred® for the baled & shredded ferrous scrap are high quality processed scrap & they promise to provide the much-needed raw material fillip to Indian steel industry by making available quality processed ferrous scrap and reducing the dependency on imports.
Both brands promise high cleanliness, low contamination, high bulk density, lower tramp elements & no radioactivity. The products would be accompanied with Test Certificates, another first for the scrap industry, along with value propositions like higher yield, better productivity, lower conversion costs, lower transportation & handling costs and overall a better quality.
Yogesh Bedi, Chief Steel Recycling Business, Tata Steel, said: “Steel can be recycled again & again without losing its properties. From that perspective Steel Scrap is a valuable resource and an important future Raw Material for steel making. Recycling scrap ensures the closure of the Circular Economy loop. The Brand names will give a distinct identity to the processed scrap and ensure a standardised quality product for the customer and simultaneously raise the bar of the scrap Industry.”
“This initiative was the vision of our CEO & MD, T V Narendran, and we are excited to see its culmination,” Yogesh Bedi added.
Tata Steel has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 5 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM and worldsteel’s Climate Action Programme, Tata Steel has won several awards and recognitions including the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants, and Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17.
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