How sustainable steel helps build a better future

How sustainable steel helps build a better future

In efforts to conserve vital natural resources, there is a worldwide trend to increase steel production through the secondary market. India is a major global player that has committed to reversing the effects of climate change. Since integrated iron and steel manufacturing account for 6 to 7% of total Greenhouse Gas (GHG) emissions by the steel industry in India, a strategy to improve the sustainability of the steel manufacturing process needs to be pursued.

Such a strategy involves:

• progressively leveraging raw material quality improvements,
• enhancing energy efficiency,
• increasing steel-making via the Ladle Refining Furnace (LRF) process, and
• exploring possibilities in carbon capture and storage/utilization

Given India's growing demand for steel, building the right infrastructure for recycling steel is critical.

1. Steel made in the secondary market uses nearly 56% less energy than steel produced from iron ore or coal, making it more cost-effective and ecologically sustainable. The savings in energy are by 16-17% (reduction from around 14 MJ/Kg in BF/BOF route to less than 11 MJ/ Kg in EAF/IF route).

2. Sustainable steel production reduces CO2 emissions by 58% while also reducing harmful mining activities.

3. Essentially, for the production of every ton of recycled steel, 1.1 tons of iron ore, 630 kg of coking coal, and 55 kg of limestone will be saved.

4. It also reduces water consumption and GHG emission by 40% and 58% respectively.

The core focus at Madhav KRG Group is on the optimum use of natural resources, energy, and energy sources. To know how we are building a sustainable tomorrow, read more about our CSR efforts at https://www.madhavkrggroup.com/csr-initiatives.php