Indian firm JSW Steel and New Zealand recycler National Steel Holdings are setting up a metal recycling plant in the Raigad district of Maharashtra. A sum of EUR 1.9 million will be invested in the joint venture.
The new site will be developed on 12 hectares of land near JSW’s existing steel plant in Dolvi, which has a processing capacity of 10 million tonnes a year. It is scheduled to open at the end of 2024.
According to the business partners, their collaboration initiated in August will realise scrap shredding plants equipped with state-of-the-art machinery using innovative recycling methods.
‘While many may regard JSW as part of the problem, we think of ourselves as part of the solution as well,’ says Sajjan Jindal, chairman of the board at the Indian steelmaker. He emphasises JSW’s ambition to create sustainable steel, adding: ‘We are committed not just in words but thought, time, effort and resources to make our sustainability vision a reality.’