Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
India is working to expand its steel production capacity from 205 million tonnes per annum (MTPA) to 300 MTPA by 2030–31. However, the journey is riddled with critical challenges spanning supply chain limitations, trade dynamics, and regulatory hurdles.
A key concern is India's 85% dependence on imported coking coal, which impacts production costs and energy security. Limited domestic availability of steel scrap and rising global competition—particularly from Chinese imports—add to pricing pressures. Additionally, environmental issues, such as high carbon emissions from traditional blast furnaces, call for greener alternatives.
Policy delays, inefficient logistics, and high financing costs further slow infrastructure development and new plant setups.
To overcome these challenges, industry experts recommend a five-pronged strategy:
Focus on green and specialty steel production.
Improve logistics and raw material access.
Invest in clean technologies to cut emissions.
Implement policy reforms to simplify project approvals and funding.
Encourage public-private partnerships for faster execution.
If effectively executed, this roadmap could position India as a global leader in sustainable steel manufacturing and support its broader $5 trillion economy goal.
Also Read : India Among Fastest-Growing Steel Markets as Global Steel Prices Rise Nippon Steel Eyes U.S. Expansion: Talks with Commerce Dept Begin
Jindal Steel Duqm, a subsidiary of the Naveen Jindal Group, is set to launch operations at its state...
Large Corporate 08-Jul-2025
Linde, a global industrial gases company, stated that it won't be influenced by the most recent U.S....
USA 07-Feb-2024
✔️ US tariffs unlikely to hurt Indian steelmakers due to low export share.✔️ Less than 5% of Indian...
Business 13-Mar-2025
Taking significant strides towards unlocking the potential of critical and deep-seated minerals, the...
Press Releases 15-Mar-2024
The Indian government recently raised the windfall tax on petroleum crude and diesel. The tax on cru...
Renewables 16-Feb-2024
India levies 12% safeguard duty on certain steel products. Move aimed at curbing rising imports thr...
Notification 22-Apr-2025