India’s steel industry is transitioning towards a phase where growth is not just about quantity but also sustainability, as per a report in the Kuwaiti media. The National Steel Policy 2025 aims to boost crude steel capacity to 400 million tons by 2035–36 from the current 168 million tons, indicating ambitious expansion plans. This growth aligns with the rapid progress in infrastructure, urban development, and manufacturing.
To achieve these targets, significant investments of around $183.41 billion will be required, driving advancements across the entire steel value chain. The industry, which currently contributes 2.5% to GDP and sustains 2.8 million jobs, is expected to create over 3 million new jobs by 2035–36 with the implementation of expansion strategies.
The steel sector is also focusing on reducing emissions intensity to 2 metric tons of carbon dioxide per ton of finished steel by 2035-36, compared to the current 2.65 tons. This move is crucial as steel production contributes 10-12% of India’s total carbon emissions, aligning with the country’s goal of achieving net-zero emissions by 2070.
Cleaner production methods like gas-based steelmaking and scrap-based production are gaining prominence to lower emissions and promote circular economy principles. Technology and infrastructure development will be key in supporting cleaner and more efficient steel production nationwide.
