India’s Steel Capacity and Production Surge Toward 2030 Goals

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India’s Steel Capacity and Production Surge Toward 2030 Goals

Press Releases 17 Jul 2025 05:08 PM IST GMK Centre

India’s Steel Capacity and Production Surge Toward 2030 Goals

India’s steel industry has seen a remarkable transformation over the past decade, with total crude steel production capacity reaching 205 million tonnes (Mt) in fiscal year 2024–25—a 10% increase from 186 Mt in FY24. This growth nearly doubles the 109 Mt capacity recorded in 2015, driven by robust public and private sector investments.

The accompanying graph illustrates India's steel capacity and production trajectory from 2015 through 2030, emphasizing the sharp growth trend and the ambitious roadmap ahead.

Achievements:

Major producers like JSW Steel, Tata Steel, SAIL, JSPL, and AM/NS India contributed significantly to capacity additions. In FY25 alone, an estimated 13 Mt of new capacity came online, reflecting the industry’s accelerating pace.

Alongside capacity growth, crude steel production rose to 152 Mt, and domestic consumption surged to 138 Mt in the first 11 months of FY25, showing strong demand from sectors like construction, infrastructure, and manufacturing.

However, trade dynamics remain mixed. While domestic consumption is strong, steel exports dropped by 34% to 4.4 Mt, and imports rose 16% to 9 Mt, indicating pricing pressures and global competition.

Goals Ahead:

The government’s National Steel Policy targets 300 Mt capacity by 2030, with ongoing projects expected to add 167 Mt. Notably, the private sector now accounts for over 83% of steel production, underscoring its dominant role in capacity building.

As India advances toward its 2030 goal, the focus will be on balancing expansion with sustainable production, boosting exports, and securing raw material supply chains.

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