India’s steel sector is aiming to reach a capacity of 300 million tonnes by 2030 and 400 million tonnes by 2035 to establish the country as a top player in global steel production. Sandeep Poundrik, Secretary of the Ministry of Steel, highlighted these expansion goals during a high-level interactive session with senior diplomats worldwide to enhance strategic partnerships. The ministry introduced ‘Bharat Steel 2026,’ an upcoming international conference and exhibition set for April 16–17, 2026, in New Delhi.
Poundrik emphasized the sector’s rapid modernization and sought collaboration from international partners as India’s steel industry moves towards eco-friendly production methods and advanced technologies. India’s strategy focuses on ensuring raw material security, promoting technology transfer, advancing green steel production, and fostering global cooperation. The diplomatic community showed strong interest in India’s vision and expressed eagerness to participate in Bharat Steel 2026.
The PHD Chamber of Commerce and Industry highlighted that recycling one ton of steel saves 1.1 tons of iron ore, 630 kg of coking coal, and reduces emissions by 28%, underscoring the importance of scrap in India’s development. Analysts view scrap as a viable short-term solution for decarbonization, especially with India’s carbon intensity at 2.55 tonnes of CO₂ per tonne of steel. India’s steel demand is expected to grow steadily at around 8% for FY26, creating an additional demand of 11-12 million tonnes per year.
