Stories
New Steel Policy to Drive Circular Economy and Boost Value Addition
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News18•17-10-2026, 14:30
New Steel Policy to Drive Circular Economy and Boost Value Addition
- •The proposed National Steel Policy aims to promote a circular economy and enhance value-added production in India.
- •The policy outlines a roadmap up to 2027 and focuses heavily on the decarbonisation of the Indian steel industry.
- •Industry leaders have praised the draft policy for addressing refractory recovery, raw material security, and technological modernisation.
- •The government plans to boost India's crude steel capacity to 604 million tonnes by 2047 to address key import challenges and enhance competitiveness.
Key Questions Answered
The proposed National Steel Policy aims to promote a circular economy, boost value-added production, enhance industry competitiveness, and reduce the sector's average carbon emission intensity by 2047.
Under the draft National Steel Policy 2047, India's crude steel capacity is targeted to reach 604 million tonnes by 2047.
The policy envisions reducing the sector's average carbon emission intensity from 2.54 tCO/tcs to approximately 1.54 tCO’/tcs through four phases leading up to 2047.
