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India’s steel industry leaders have called for urgent government support to accelerate the shift toward green steel, citing challenges of high costs, weak demand, and financing gaps. The appeal was made at the PHDCCI Global Summit on Sustainability 2025, where stakeholders highlighted that without policy intervention, the sector’s decarbonization goals could stall.
India, one of the world’s top steel producers, emits nearly 350 million tonnes of CO₂ annually. Its steelmaking process is carbon intensive, releasing 2.5 tonnes of CO₂ per tonne of crude steel, compared to the global average of 1.9 tonnes. Heavy reliance on coal and limited scrap availability worsen the challenge.
Industry representatives stressed that demand uncertainty is a key barrier. A recent example saw a green steelmaker able to export only two containers to Europe due to cost concerns. Leaders urged the government to step in with procurement mandates, subsidies, and co-funded decarbonization projects to bridge the gap.
They also underlined the need for a 60–70% cut in carbon intensity in steelmaking to align with global climate targets. Without such measures, India risks falling behind in the global transition to low-carbon steel.
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