Centre set to allow steel from recycled scrap to be used in road, bridge projects
In what could be a jolt to major steel makers of India, the Centre is set to allow steel made from recycled scrap to be used in construction of roads and bridges, liberating the sector from the compulsion of having to use steel made only by the top few iron and steel companies in the country.
Sources said the move comes against the backdrop of recent deliberations in the Ministry of Road Transport and Highways chaired by minister Nitin Gadkari, wherein it has been discussed that the steel industry in general and the top few premium steel makers in India in particular have hiked the price of steel by at least 50 per cent in the past six months.
