New Steel Policy to Promote Circular Economy and Value Addition

The government has unveiled a new steel policy aimed at promoting circular economy principles and enhancing value addition in the sector. The policy provides a strategic roadmap extending to 2027 for India's steel industry.

A key focus of the policy is the decarbonisation of the Indian steel industry, aligning with environmental sustainability goals. The initiative seeks to boost value addition across the steel value chain while encouraging circular economy practices.

The policy framework is designed to guide the sector's development over the next few years, addressing both growth and environmental concerns in India's steel manufacturing landscape.