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Waste and Effluents

We are committed and responsible for our waste commitment to continuously reducing waste generation from our operation and are accountable for handling any waste we generate. This is clearly outlined in our Environmental Policy. Our long-term goal is to have zero waste in landfill, and we try to adopt this goal by implementing recycling waste within our Group. We adopted the 3R concepts (Reduce, Reuse, and Recycle) as part of the waste mitigation that focuses on recycling our skull steel and cultivating a recycling habit within the Masteel community. Various recycling campaigns were conducted to provide recycling awareness and encourage employees to adopt the 3R concepts in the workplace.

In FY2022, we established the Printing Policy intending to reduce 5% of paper consumption every year. The policy outlined the guidelines for using printer paper, toner, and envelopes. This green initiative resulted in a massive reduction in paper consumption, recording a further decrease of 26.5% from FY2021. The total paper consumption for the three reporting financial years is shown below.

As a responsible industry, we only engaged with certified and licensed scheduled waste collectors endorsed by the Department of Environment (“DOE”) to ensure safe collection and disposal. According to the regulations, all scheduled waste must be disposed of within six months, and the total volume cannot exceed 25 metric tonnes. With good practices, Masteel continues to reduce our scheduled waste every year, especially in spent hydraulic and engine oil. Similarly, we also engaged with certified contractors to collect and manage our non-scheduled waste to be disposed of at legal landfill sites.

Masteel set an internal target of at most two compounds related to waste management within each financial year. During this reporting period, we are proud to disclose that we received zero compounds related to waste management resulting from the stringent and good practices adopted by the Group.

The total general waste generated by Masteel for three conservative years is presented in the graph below, followed by the total recycled waste of skull steel and scheduled waste. In FY2022, there is a 10% increase in general waste due to the full operation of Masteel compared to the partial lockdown in FY2021. We continue to work towards the zero waste goal in the coming years.

Materials Used in Production and Packaging

To better understand our products and the potential long-term impacts on the environment, Masteel conducted a Life Cycle Perspective Analysis. The analysis will help us identify areas where we have the capacity to improve the efficiency of both our products and our processes. The outcomes of the assessment are illustrated below:

Raw Material Inputs

Around 98% of all materials input into our manufacturing process are recycled in origin, with the majority being scrap steel. Our transition from EAF to IF has not only improved our energy consumption efficiency, it also reduced the total consumption of certain raw materials, such as lime and coke, which are not required for processing scrap metal in an IF system. Overall, this year we recorded a decrease in consumption of raw material inputs required, averaging a 44% decrease across all materials.
Pictured: Scrap steel inputs into the manufacturing process