Steel Dynamics Q1 net income jumps to $403 million Nuvama downgrades Jindal Steel to Reduce Rebar and input costs remain on radar High speed steel market seen growing at 3.33% CAGR
India is laying out an ambitious new steel roadmap that aims to raise production capacity to 400 million tons by FY 2035-36 while cutting emissions and improving raw material security. The proposed policy estimates around ₹17 trillion in investment, targets steel exports of 20 million tons, and seeks to reduce imported coking coal dependence to 80% from about 90%. It also aims to bring emissions down to 2 tons of CO2 per ton of steel, from about 2.65 tons now. The plan puts the spotlight on gas-based steelmaking, higher scrap usage, and cleaner technologies, signaling India’s push to grow its steel industry without losing sight of sustainability and global competitiveness.
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