Kolkata, Jan 24 (Reporter) Stating that the government was committed to net zero target by 2070, Union Minister of Steel Jyotiraditya Scindia on Wednesday said the government's steel scrap recycling policy was aimed at reducing the consumption of coal in steelmaking. "As Per our Ministry's Vision 2047 document, in the next 25 years, the percentage of scrap will be 50 percent along with the balance 50 percent as iron ore. With iron ore it will increase to 25 percent of scrap in the next five years," the minister said in a video address at the 11th IMRC conference and expo on the recycling industry. "The Steel Ministry is committed to net zero target by the year 2070. Our steel scrap recycling policy enhances the availability of domestically generated scrap to reduce the consumption of coal in steelmaking," said Scindia. The minister said there was a positive trend to increase steel production through scrap. "We will strive to ensure a conducive environment for the growth of our industry. MRAI comprises over 20 thousand SME and large enterprises, directly and indirectly employing over 25 lakh people, which makes your role all the more crucial and critical in the success of this mission," the minister said. Various scraps and its byproducts generated during steel making can be effectively used for making steel and other applications like even cement manufacture, roadster construction and agriculture. Manufacturing Steel through scrap and other waste products is certainly less polluting and is a step towards the government's Green Steel initiative. "Today, around 25 million tons of scrap is produced in the country and around 5 million tons is imported," he said. Material Recycling Association of India (MRAI) hosted the event which was attended by from 23rd - 25th Jan 2024 at Biswa Bangla Mela Prangan, Kolkata, India. MRAI's 11th IMRC conference and Expo is Asia's biggest event which was attended by over 2200 delegates having 200 exhibitors from more than 35 countries participating in this event. The theme of the conference was focused on the Recycling Industry Transition Towards Vision 2047...////...