India's Steel Industry
Structure and Competitiveness
India's steel sector is central to its industrial development strategy and faces a structural dilemma: it produces competitively priced steel using relatively carbon-intensive methods that are now disadvantaged in premium export markets.
- India is the world's second-largest crude steel producer (after China) with ~144 million tonnes per annum (MTPA) in FY24; target is 300 MTPA by 2030-31 under the National Steel Policy 2017.
- India's steelmaking mix: ~57% blast furnace-BOF (coal-based, higher emissions ~2.5-3.5 t CO₂/t steel) + ~43% electric arc furnace/induction furnace (lower emissions ~0.5-0.8 t CO₂/t steel on grid power).
- Key steel companies: Steel Authority of India (SAIL — public sector), Tata Steel, JSW Steel, AMNS India (ArcelorMittal), Jindal Steel and Power.
- National Steel Policy 2017 targets: 300 MTPA capacity, 10 kg per capita steel consumption to 160 kg (from ~80 kg currently), and significant export presence.
● Tracked since February 17, 2026 · last seen April 08, 2026 · updates as the daily brief publishes
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