Steel Ministry proposes 37% purchase preference to green steel in government tenders
India's steel ministry has proposed a green steel procurement policy, mandating up to 37% of government purchases to be low-carbon steel. A star-rating system will assess emissions, with five stars for the lowest. The ministry also announced a d...
According to a steel ministry presentation, up to 37% of all future steel procurement will be earmarked for green steel as an incentive to lower carbon intensity.
A definition for Green steel was also announced by the Steel Ministry on Thursday. Speaking at an event to the mark the same, Union Steel Minister, H D Kumaraswamy said, "The green steel taxonomy will help set a benchmark for adopting global best practices and help India emerge as global leader in green steel production."
Responding to queries from journalists on the imports of chinese steel, Kumaraswamy said his ministry has proposed a safeguard duty to protect the domestic industry.
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