India plans to reach 604Mt steel by 2047

India has announced a new policy aiming to increase steel production to 604 million tons by 2047, compared to the current production of approximately 220 million tons. The policy seeks to reduce carbon emission intensity in the sector to 1.54 tons per ton of steel by that year, as part of India's goal to achieve carbon neutrality by 2070. The ministry expects iron ore demand to rise to 772 million tons, along with an increase in coal consumption used in steel manufacturing to 236 million tons. There are also plans to diversify supply sources through overseas acquisitions and strengthening international partnerships. The policy aims to support industrial growth and ensure sustainability while committing to reducing carbon emissions.

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