India targets 604 MT steel capacity by 2047
India's draft steel policy calls for 604 million tons of capacity by 2047, a 39% cut in carbon-emission intensity, and measures to secure iron ore and coking coal supplies.
Palanor Wire · composed from 3 outlets · every claim links to its sources
What happened
India released a draft steel policy targeting 604 million tons of capacity by 2047. 123 The government opened the draft policy for public consultation. 3 The policy seeks to reduce carbon-emission intensity for crude steel production from 2.54 tons to 1.54 tons. 23 The plan includes a 39% cut in emission intensity and 45 million tons of exports. 2 The policy envisions expansion of slurry pipelines with viability gap funding support. 2 India aims to secure high-grade iron ore reserves through joint ventures and foreign assets. 3
What to watch
Coking coal demand is projected to reach 236 million tons. 3
Sources · 3
[1]India unveils steel policy aiming for 604 million tons capacity by 2047 reut.rs/4dyCfL5
Reuters · Bluesky
[2]India targets 604 MT steel capacity by 2047, plans to cut carbon intensity: Report
economictimes.indiatimes.com · via Marketaux
[3]Draft steel policy targets 604 MT capacity by 2047, higher ore need
business-standard.com · via Marketaux
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