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Tuesday, March 29, 2011

Tata Steel aims to slash steelmaking costs


Tata Steel is working on a pilot project that will enable it to use waste material in iron ore. It has devised a novel way to produce iron-ore from waste, which will cut steelmaking costs. The company is in talks with the central government for a pilot project.
The company will produce sponge iron and make use of lean materials that have higher alumina. The sponge iron produced would be used for producing steel through the electric arc furnace route and may be used in future projects of Tata Steel. Tata Steel, so far, has been producing steel using the blast furnace technology. Tata Steel signed a memorandum of understanding with the institutes for the purpose.
As part of the plan, the Jamshedpur Human Resource Development Centre in association with Veltech would be established. The proposed post graduate diploma in iron and steel making would be a self-funded three year diploma course after BSc for employment in the officer’ category. It would entail active involvement of Tata Steel such as conditional placement at the officer level. 

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