India unveils steel policy targeting 604 million tonne capacity by 2047

India has unveiled a new steel policy with an ambitious target to reach 604 million tonnes of steel capacity by 2047. The policy framework outlines strategies to strengthen the nation's steel sector while addressing environmental concerns.

A key focus of the policy is reducing emissions across the steel industry, aligning with India's broader climate commitments. The plan also prioritizes securing reliable access to critical raw materials, particularly iron ore and coking coal, which are essential for steel production.

The policy is designed to support India's long-term infrastructure and development goals, positioning the steel sector as a cornerstone of the country's industrial growth over the next two decades.