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TATA Steel and ArcelorMittal Nippon Steel India(AM/NS), India’s two largest steel firms have urged the government to ramp up funding and policy support for the transition of green steel, while also pushing for measures to cut high input costs.
India’s steel industry has raised concerns over rising input costs and stressed the urgent need for government support to facilitate its green transition. The push towards low-carbon steel production essential for meeting India’s climate commitments requires significant investments in renewable energy, hydrogen-based technologies, and carbon capture solutions. However, the high cost of adopting these technologies is seen as a major challenge for both primary and secondary steel producers.
Industry leaders have urged the Centre to provide financial incentives, policy clarity, and easier access to green financing to enable a smooth transition. Experts believe that aligning cost competitiveness with sustainability is key to ensuring India maintains its position as the world’s second-largest steel producer while also contributing to the country’s net-zero goals.
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