India unveils steel policy aiming for 604 million tonne capacity by 2047
- India released a draft steel policy for public consultation targeting 604 million metric tons of steel capacity by 2047, up from about 220 million tons currently.
- The policy aims to reduce average steel-sector carbon-emission intensity from 2.54 to 1.54 tons of carbon dioxide per ton of crude steel by 2047.
- The Steel Ministry projects iron ore demand of 772 million tons and coking coal demand of 236 million tons.
- India plans to pursue foreign partnerships and overseas asset purchases to secure high-grade iron ore reserves and diversify coking coal supplies.
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Daily Sabah
The Frontier PostIndia aims to upgrade steel capacity to 604M tons by 2047
India targets increasing its steel capacity to 604 million metric tons by 2047 from around 220 million tons at present, according a draft steel policy for public consultation relea...
Draft steel policy flags 3-fold rise in coking coal demand, 39% cut in emissions
India aims to expand crude steelmaking capacity to 604 MT by 2047. The draft also proposes a nationwide scrap collection drive, expanded coal washing capacity and improved transport infrastructure to strengthen supply chain resilience.
India targets 604 MT steel capacity by 2047, plans to cut carbon intensity: Report
India's government has introduced a draft steel policy for public consultation, targeting a steel capacity of 604 million tons by 2047. The policy aims to reduce the carbon-emission intensity for crude steel production from 2.54 tons to 1.54 tons. It also plans to secure access to high-grade iron ore reserves through joint ventures and foreign assets. Coking coal demand is expected to reach 236 million tons, necessitating diversifying sourcing s…
Today the country's production capacity amounts to approximately 220 million tons of steel.
Government Releases Draft Steel Policy Roadmap, Targets 604 Million Tonnes of Steel Capacity by 2047
New Delhi, Oct 11 (IANS) The government has released the Draft National Steel Policy 2047, which aims to increase India's crude steel production capacity from the current level of around 220 million tonnes to 604 million tonnes by 2047. The new policy lays out a roadmap to reduce carbon emissions from the steel sector and increase the availability of iron ore and coking coal to meet growing demand. These raw materials contribute 65 to 70 percent…
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