Year-end Review-2022 Ministry of Steel

Source: The post is based on the articleYear-end Review-2022 Ministry of Steelpublished in PIB on 30th December 2022

What is the News?

The Ministry of Steel has launched several initiatives and schemes in 2022.

What are the schemes and initiatives launched by the Ministry of Steel in 2022?

India is the 2nd largest crude steel producer in the world.

Production Linked Incentive(PLI) Scheme for specialty steel.

Decarbonization in the steel sector: India’s steel sector accounts for 12% of India’s CO2 emissions with an emission intensity of 2.55 t CO2/TCS compared to the global average emission intensity of 1.85 t CO2/TCS. As a part of Glasgow’s commitments, India plans to achieve net zero emissions by 2070.

The Ministry of Steel is holding discussions on decarbonization and improvement of resource efficiency in the Steel Sector like “Transition towards Low Carbon Steel-Green Steel” and “Roadmap for Circular Economy in Steel Sector”.

PM Gati Shakti National Master Plan: Ministry of Steel has on-boarded itself on the PM Gati Shakti National Master Plan Portal with the help of Bhaskaracharya National Institute for Space Applications and Geo-informatics (BISAG-N). 

– It has already uploaded geo-locations of 1982 Steel Units functioning in the country. It has also uploaded all the iron-ore and manganese ore mines in the country.

Secondary Steel sector: The secondary steel-making Process is the process where final refining and finishing treatment is done after primary steel-making to achieve the required quality of Steel. 

– Secondary steel sector contributes more than 40% to the production of crude steel. With increasing quality requirements of steel, the role of secondary steel-making in steel-making is getting more important.

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