Article

India aims for 300 MTPA crude steel capacity by 2030, driven by infrastructure and manufacturing growth. Current crude steel production increased by 11.7% year-on-year. However, challenges persist, including inadequate raw materials for green steel and high hydrogen production costs.

Key recommendations include establishing a national scrap registry, incentivizing end-of-life vehicle recycling, and developing green hydrogen hubs. The steel sector contributes about 12% of industrial CO₂ emissions, necessitating significant R&D investment to transition to green steel production. Government actions should focus on carbon pricing, renewable energy integration, and incentivizing R&D funding to enhance innovation and competitiveness.