India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The government will sharpen its focus on higher steel production and raw-material security in 2026 as India enters the final five years of its push toward an installed steelmaking capacity of 300 million tonnes (MT) by 2030 under the National Steel Policy. Alongside capacity build-out, the Steel Ministry’s priority areas include low-carbon technologies, green steel capacity, and the scaling of specialty/high-end steel grades for domestic requirements and exports.
Demand remains supported by infrastructure and manufacturing themes (housing, railways, autos, defence and capital goods), but the sector is bracing for headwinds such as rising imports, raw-material volatility and global trade uncertainty. To protect domestic producers and move up the value chain, the government continues to use trade-remedy tools (safeguards/anti-dumping where applicable) and the PLI scheme for specialty steel.
On inputs, the ministry is focusing on coking coal security—including exploring new reserves and diversifying sourcing—while encouraging participation in iron ore auctions and improving resource efficiency through beneficiation and pelletisation. With installed capacity estimated at ~235 MT (Nov 2025), India still needs to add ~65 MT over the next five years to stay on track.
Also Read : India’s DGTR proposes anti-dumping duty on met coke imports from six countries India Sets 2047 Target for 500 Million Tonnes of Steel Production
Iron ore exports worldwide reached 376 million tonnes (MT) in January–March 2024, up 6% from t...
Ferrous 17-May-2024
Tata Motors, an Indian Multinational automotive company, plans to commence production of electric ve...
Large Corporate 22-Jan-2024
The total budgetary allocation for Railways in Andhra Pradesh for the 2024-25 fiscal is 9,138 crore,...
Announcement 02-Feb-2024
Switzerland-based asset manager responsAbility Investments AG is set to invest up to USD 25 million...
Automobiles 29-Jan-2024
1️⃣ India advances green steel policies to cut CO₂ emissions and meet net-zero targets.2️⃣ Leading s...
Business 02-Apr-2025
Chinese manufacturer CALB is aiming to build a lithium-ion battery factory in Portugal, the APA Port...
China 23-Jan-2024