Government has taken various ongoing measures in the wake of emerging challenges including decarbonisation and European Union’s introduction of Carbon Border Adjustment Mechanism (CBAM) which are not contingent upon a formal review of the National Steel Policy.

After deliberation with stakeholders, Government has formulated roadmap and action plan for green transition of steel sector. Other policy initiatives for energy efficiency and process efficiency include National Green Hydrogen Mission for green hydrogen production and usage in steel sector, notification of Steel Scrap Recycling Policy 2019, and Motor Vehicles (Registration and Functions of Vehicles Scrapping Facility) Rules 2021 to enhance the availability of domestically generated scrap for steel making enabling reduced carbon emission in steel making process, Implementation of the Perform, Achieve and Trade (PAT) scheme, under National Mission for Enhanced Energy Efficiency, which incentivizes steel industry to reduce energy consumption, etc.

This information was given by the Union Minister for Steel and Heavy Industries, Shri H.D. kumaraswamy in a written reply in the Rajya Sabha today.

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MG/KSR