India unveils steel policy aiming for 604 million tons capacity by 2047

Business Recorder • Oct 11, 2026

NEW DELHI: India released a draft steel policy for public consultation late ​on Saturday, targeting 604 million metric tons ‌of steel capacity by 2047 from around 220 million tons at present. Reuters reported last week, ​citing the draft document, that the ​p...

NEW DELHI: India released a draft steel policy for public consultation late ​on Saturday, targeting 604 million metric tons ‌of steel capacity by 2047 from around 220 million tons at present. Reuters reported last week, ​citing the draft document, that the ​policy lays out plans to cut sector emissions ⁠and shore up access to iron ​ore and coking coal — key raw materials — ​to meet anticipated demand. The policy aim...