Govt to set up 20 steel scrap yards; Vehicle scrapping policy likely in Oct

Scrap units will be set up either by private sector or as PPP initiatives

The Ministry of Road Transport and Highways (MoRTH) is likely to announce a vehicle scrapping policy on the end of life of commercial vehicles on October 2. After this, the Union Ministry of Steel will set up 20 scrapping centres in various parts of the country to produce steel from the scrap.
 
“The ministry of steel will introduce a steel scrap policy this year which, in conjunction with the much-awaited vehicle scrappage policy by MoRTH, will lay out the rules and regulations for using scrap from old vehicles to produce steel,” said Aruna Sharma, secretary, Union Ministry of steel