According to the company's statement on Friday, October 24, the new plant will recycle scrap from various sources, including automotive and spent scrap. goods for use in their steel mills. The processed scrap will primarily be shipped to JSW's Vijayanagar plant in Karnataka and to a future steel mill in Kadappa, Andhra Pradesh.
Strengthening the internal scrap supply chain and circular economy
The Chennai facility will complement a similar metal processing plant under construction in Raigad, Maharashtra, operated by JSW. A wholly owned subsidiary of NSL Green Steel Recycling."We already have an ecosystem for the supply of steel scrap. We have established a scrap metal supply chain in western India, and a similar network will now be established in the south," said a JSW representative.JSW Steel purchased about 2.25 million tons of scrap from the western region last fiscal year, with volumes continuing to grow steadily. The company is currently purchasing only ready-to-use scrap, but once the Chennai plant is operational, JSW plans to recycle lower-quality scrap that requires cleaning and processing before being used in steel production.
The new plant marks another step in JSW Steel's strategic vision to increase sustainability by expanding its internal steel processing network and increasing the share of scrap steel production in its operations.
