BusinessPhoto: Business StandardIndia Unveils Draft National Steel Policy 2047 Targeting 604 MT Capacity
The Indian government released the draft National Steel Policy 2047 aiming to increase crude steel capacity to 604 million tonnes by 2047. The policy targets finished steel demand of 505 MT, per capita consumption of 302 kg, and steel exports of 45 MT. It focuses on reducing import dependence on coking coal through domestic mining and AI optimization, supporting the secondary steel sector, and prioritizing decarbonization to address the sector's 10-12% emissions contribution.
Business Standard·




