JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Union Minister of Commerce and Industry Piyush Goyal has announced that the government aims to raise India’s steel exports tenfold to 50 million tonnes within the next few years. The move comes as part of India’s broader strategy to position itself as a global steel hub while meeting rising international demand for sustainable and high-quality steel.
Speaking at a commerce event, Goyal stressed that India’s steel sector, already the second-largest producer in the world, has the potential to emerge as a global leader with the right mix of capacity expansion, quality improvements, and green steel adoption. He highlighted that the government is working on policy reforms, export incentives, and partnerships to support this ambitious target.
The minister also underlined the importance of value-added products, global certifications, and sustainability standards, noting that these factors will help Indian steelmakers gain wider acceptance in international markets.
Industry analysts believe achieving this export milestone will not only boost foreign exchange earnings but also generate employment and encourage further investments in modern steel plants across the country.
Also Read : India pushes AI and digital innovation in steel sector to boost capacity and efficiency India’s Steel Exports to Europe Seen Falling as EU Carbon Tax Kicks In
The International Energy Agency predicted that the US economy would grow above expectations and that...
Energy 15-Mar-2024
Base metal prices have risen to multi-year highs, driving the BSE Metal index to a new all-time high...
Non-Ferrous 24-Apr-2024
The state-owned NMDC stated that iron-ore production decreased by over 1% in April, while sales grew...
Large Corporate 03-May-2024
Nippon Steel offers $14B investment in U.S. Steel. $4B planned for a new U.S. steel mill. Approval...
Business 20-May-2025
AM/NS India Launches Advanced Steel Line for Auto Sector at Hazira AM/NS India has commissioned its...
Automobiles 17-Jul-2025
Arcelor Mittal Nippon Steel Limited (AMNS) and Indian Oil Corporation Limited (IOC) informed the Sup...
Large Corporate 09-Feb-2024