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
India aims to produce 300 million tonnes of crude steel by 2030, the Steel Ministry said, citing strong domestic demand growth from infrastructure, housing, automotive and renewables. The goal builds on recent capacity additions and seeks to position India as a reliable supplier for both domestic and export markets.
Officials outlined a multi-pronged plan: accelerating brownfield and greenfield expansions across BF-BOF and EAF/IF routes, easing logistics and mining bottlenecks, deepening scrap recycling, and improving coking coal security. Policy support including specialty steel manufacturing and faster clearances will be aligned to ensure timely commissioning of new units.
Decarbonisation remains a parallel priority. The ministry said India will advance green steel pathways through efficiency upgrades, higher scrap use, and R&D collaborations on hydrogen-ready DRI and low-carbon technologies. Stakeholder consultations with steelmakers, state governments and technology partners will firm up project timelines and investment requirements in the coming months.
Also Read : Inter-Ministerial Meeting Held To Strengthen The Iron And Steel Sector India to Suspend QCOs on 55 Steel Grades to Ease Supply
The Prime Minister, Narendra Modi dedicated to the nation and laid the foundation stone of various d...
Notification 12-Mar-2024
India's steel exports soared to an 18-month peak, reaching 1.1 million tonnes (MT) in January 2024,...
Ferrous 26-Feb-2024
China’s Steel Output Cut Plan Boosts Iron Ore Prices Iron ore prices rose after reports confi...
China 29-Aug-2025
After a successful and enthusiastically concluded industry interaction on February 16, 2024, in Hyde...
Press Releases 20-Feb-2024
The Bundelkhand region, which was formerly thought to be among the most arid and backward places, is...
Renewables 18-Mar-2024
In order to meet growing domestic demand, India's largest refiner, Indian Oil Corp., declared in a s...
Business 01-Apr-2024