Draft steel policy targets 604 MT capacity by 2047
In short
India’s draft steel policy aims for 604 million tonnes of steel capacity by 2047, a Business Standard summary says. It also mentions more slurry pipelines with viability gap funding, a 39% cut in emission intensity, 45 million tonnes of exports and more scrap use.
This matters for steel makers, miners and infrastructure builders. The report does not say when the policy will be approved or how the targets will be met.
What the reporting says
India's draft steel policy targets 604 million tonnes of capacity by 2047, according to a Business Standard summary. The roadmap also reportedly includes more slurry pipelines with viability gap funding, a 39% cut in emission intensity, 45 MT of exports and measures to expand scrap use. The reporting does not say when the policy will be finalized or how the targets will be enforced.
Why it matters
The draft steel policy points to a major long-term expansion in India’s steel capacity, reaching 604 million tonnes by 2047. The summary also says the roadmap backs more slurry pipelines with viability gap funding, lower emission intensity, higher exports and greater scrap use. The source does not provide implementation details, so the actual effect on producers, raw material demand and emissions is still uncertain.