Iron ore prices extend losses on weak China steel demand Abha Power & Steel bags ₹4.92 crore railway order Global tool steel market outlook remains strong for 2026–2036 Kobe Steel explores scrap melting furnace for greener steelmaking
India’s fast-growing steel sector is facing a major carbon challenge as the country pushes to expand crude steel capacity to 300 million tonnes by 2030-31. A new Asia Research & Engagement report says India must change how steel is produced if it wants to balance industrial growth with climate goals.
The report highlights that India’s steel emissions are around 28% higher than the global industry average, raising concerns over long-term decarbonization. It also notes mixed progress among major producers, with Tata Steel and Jindal Stainless showing stronger movement through cleaner routes such as electric arc furnaces, scrap use, hydrogen pilots, and better emissions disclosure.
For India’s steel industry, the message is clear: green steel is moving beyond promises. Companies now need bankable plant-level plans, cleaner capital investment, and transparent carbon reporting to stay competitive in both domestic and export markets.
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