Steel industry requires a new approach to lower carbon emissions
POWER & RENEWABLE ENERGY

Steel industry requires a new approach to lower carbon emissions

The Chairman and Managing Director of JSW Steel Limited, Sajjan Jindal, told the media that the steel industry is the biggest contributor to greenhouse gases. It requires a new approach and government support to reduce carbon emissions.

With the best technologies, low-carbon steelmaking companies would be competitive with the conventional method, but the transition period may include high initial costs and Opex costs.

The steel industry accounts for 0.7% of the global economic output and 7% of the total global emissions.

Jindal said that in the COP26 Summit, PM Narendra Modi committed that India would achieve the target of zero emissions by 2070, and the steel industry would play a crucial role in achieving the target.

He said that reducing carbon emissions will require up-gradation of the steel mills, and this initiative would be taken at the industry and policy level.

He added that a new approach is required, which includes using carbon capture, utilisation and storage with the existing fossil fuel-based iron making, using hydrogen as a substitute for carbon and using renewable energy. Global steelmakers and JSW Steel are planning green steel production to meet the net-zero target.

Switching to clan hydrogen is an immediate solution to a net-zero target. Jindal added that while the prices of renewable electricity are falling, the capital costs of setting up new plants and closing the old ones will be a major barrier.

He sought the policy to increase domestic demand and create a level playing field to attract investments. He said that the industry seeks raw material security, including coking coal, and reducing the imports from Australia, US and Canada.

He said that the government has a target to increase the share of the manufacturing sector to 25% by 2025 and achieve a target of 300 million tonnes per annum (mtpa) steel production by 2030.

Joint Managing Director and Chief Financial Officer (CFO) of JSW Group, Seshagiri Rao, demanded access to long-term, low-cost capital to help the steel industry in increasing its capacity.

Rao said that steel should be included in the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to make exports competitive.

Image Source

Also read: Sajjan Jindal asks for joint effort to decarbonise steel production

Also read: Tata Steel joins Sea Cargo Charter as part of sustainability goals

The Chairman and Managing Director of JSW Steel Limited, Sajjan Jindal, told the media that the steel industry is the biggest contributor to greenhouse gases. It requires a new approach and government support to reduce carbon emissions. With the best technologies, low-carbon steelmaking companies would be competitive with the conventional method, but the transition period may include high initial costs and Opex costs. The steel industry accounts for 0.7% of the global economic output and 7% of the total global emissions. Jindal said that in the COP26 Summit, PM Narendra Modi committed that India would achieve the target of zero emissions by 2070, and the steel industry would play a crucial role in achieving the target. He said that reducing carbon emissions will require up-gradation of the steel mills, and this initiative would be taken at the industry and policy level. He added that a new approach is required, which includes using carbon capture, utilisation and storage with the existing fossil fuel-based iron making, using hydrogen as a substitute for carbon and using renewable energy. Global steelmakers and JSW Steel are planning green steel production to meet the net-zero target. Switching to clan hydrogen is an immediate solution to a net-zero target. Jindal added that while the prices of renewable electricity are falling, the capital costs of setting up new plants and closing the old ones will be a major barrier. He sought the policy to increase domestic demand and create a level playing field to attract investments. He said that the industry seeks raw material security, including coking coal, and reducing the imports from Australia, US and Canada. He said that the government has a target to increase the share of the manufacturing sector to 25% by 2025 and achieve a target of 300 million tonnes per annum (mtpa) steel production by 2030. Joint Managing Director and Chief Financial Officer (CFO) of JSW Group, Seshagiri Rao, demanded access to long-term, low-cost capital to help the steel industry in increasing its capacity. Rao said that steel should be included in the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to make exports competitive. Image Source Also read: Sajjan Jindal asks for joint effort to decarbonise steel production Also read: Tata Steel joins Sea Cargo Charter as part of sustainability goals

Next Story
Infrastructure Transport

Adani wins Kedarnath ropeway project to cut trek to 36 minutes

Adani Enterprises Ltd (AEL) has secured the contract to build a 12.9-km ropeway connecting Sonprayag with Kedarnath, a project expected to transform the pilgrimage experience. Awarded by National Highways Logistics Management Ltd (NHLML), the project will be executed under the National Ropeways Development Programme – Parvatmala Pariyojana.Currently, pilgrims undertake a gruelling nine-hour trek to Kedarnath. The ropeway will reduce this journey to just 36 minutes and can transport 1,800 passengers per hour in each direction, serving the nearly 20 lakh devotees who visit annually.The Rs 25,0..

Next Story
Infrastructure Transport

Gurugram Rapid Metro to shift from DMRC to GMRL control

The Haryana Mass Rapid Transport Corporation Limited (HMRTC) has begun the process of transferring Gurugram’s Rapid Metro operations from the Delhi Metro Rail Corporation (DMRC) to Gurugram Metro Rail Limited (GMRL). The decision was taken at HMRTC’s 62nd Board meeting, chaired by chief secretary Anurag Rastogi.Committees have been formed to oversee the transition, covering technical, legal, and operational aspects, with definitive timelines being prepared. Until the transfer is complete, the system will be managed jointly by DMRC and GMRL.The Rapid Metro has shown notable performance impr..

Next Story
Infrastructure Transport

Chandigarh Metro cost climbs to Rs 25,000 crore amid delays

The long-awaited Chandigarh Tricity Metro project has seen its estimated cost balloon to nearly Rs 25,000 crore, following delays in approvals by the Union Territory administration. The cost, which stood at Rs 23,263 crore in February 2025, has risen by Rs 1,737 crore in just seven months, according to officials.The matter was raised during the transport standing committee meeting of the Administrator’s Advisory Council, chaired by AAP state president Vijay Pal. A presentation by Rail India Technical and Economic Service (RITES) strongly recommended that the Metro is the most suitable mass r..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?