India is working on a new steel policy that aims to reshape the sector by 2035 and 2047. The plan sets ambitious production goals for green, specialty and stainless steel, pushing the industry toward higher quality while reducing reliance on imports. The policy is positioned as a shift from volume growth to value, sustainability and stronger domestic supply chains.
India’s steel industry is struggling to scale “green” production because scrap supply is insufficient. Former Steel Secretary Jindal says only about 25% of steel demand can be met through scrap based manufacturing, while declining iron ore quality adds pressure. The government is pushing pilot projects and missions for green steel, supported by an upcoming carbon credit trading system as output rises.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
India’s steel sector posted strong April growth in 2026, with crude output up 5.8% and steel consumption rising 8.1%. The uptick points to firm domestic demand across infrastructure and manufacturing, alongside fresh capacity expansion plans. Green steel efforts are advancing too, with certifications reaching many producers, while domestic prices show signs of recovery.
JSW Group sustainability chief Prabodha Acharya says the world lacks a common definition of “green” steel, making claims hard to compare. If “green” is taken to mean carbon free, he argues it isn’t feasible. With different economic growth paths and production methods, he says standards must be set regionally by governments rather than relying on a single global yardstick.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
