Union minister Jyotiraditya Scindia on Tuesday urged the domestic steel industry to adopt low-carbon emitting steel-making processes, while cautioning that key raw material coking coal and iron ore may not be a viable option in the future based on an ESG parameter.
The comments have come at a time when India moves to double its steel-making capacity to 300 million tonnes (MT).
"From the second largest producer of steel, we must also become responsible producers of steel in the world. There will come a time in the near distant future when today's raw materials be it iron ore or coking coal will no longer be a viable option not necessarily from a cost structure parameter but from an environmental, social, and governance (ESG) parameter," Scindia said at an event here.
The minister said that environmental concerns could arise in future and the government and the private sector will have to work together to prepare for that "eventuality today".
"The industry can look for options like t
