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.India's steel ministry has proposed that over a third of the total government steel procurement will be of low carbon variant. This 'Green steel' is defined as steel produced with emissions lower than 2.2 tonnes of carbon dioxide per tonne of finished steel. A star-rated grading system will also measure the greenness of steel, with five-star rating for emission intensity lower than 1.6 tonnes of CO2 equivalent per tonne of finished steel.
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.
