Recycling of waste:
Recycling is not a complete procedure, unless the legal and institutional framework can generate markets for the recycled products. It can beneficially use the materials picked up from the curb.
Most of the solid wastes produced by steel making plants can be used again and recycled and therefore, can become a resource for industrial production or energy production when properly managed. The word “recycling” bears a much greater importance than merely providing an alternative technique for treatment of solid wastes. In recycling, our main plan is to separate the dangerous or toxic metals from the solid wastes by simple and economic means. The metal concentrate therefore obtained can be recharged in Electric Arc furnace, in pelletized or in sintered form. This to certain extent cuts down the cost of raw materials. The residue acquired after the separation of the toxic materials can be used again or can be disposed off as an eco-friendly substance. The reuse of the residue can be employed as building materials.
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It is essential to understand the variation between the costing methods and techniques. Costing methods are those that assist a firm to calculate the cost of production or services offered by it.
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