Tata Steel forays into scrap business, to set up process unit in Gurgaon

Tata Steel plans to set up a scrap processing facility near Gurgaon by the year end that will cater to a part of the company's raw material need for steel making.

The unit is expected to grow into a Rs 10 billion business in 6 to 8 years and mostly process the off-road cars, other vehicles and retired white goods in the NCR to produce scrap.

"Given the limitation of using scrap for steel making in the blast furnace route, 7-10% of our blast furnace charge can be scrap or scrap equivalent," said Anand Sen, President, TQM & Steel Business, Tata Steel.

Sen