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India is targeting a steel production capacity of 300 million tonnes per annum by 2030-31, having surpassed 200 million tpa. The steel sector is moving from expansion to optimisation, with an emphasis on strategic resilience against supply disruptions and geopolitical risks.

Major players like JSW Steel and Tata Steel are investing in automation and digital systems. The Ministry for Steel signed MoUs worth R11,887 crore under the PLI scheme to add 26 million tonnes of speciality steel capacity by 2030-31, which has attracted R43,874 crore in investment commitments. The mining sector is also evolving to support domestic raw material security amid India's ambitions in electric mobility and renewable energy.