2 months ago

Indian Steel Industry Urged to Decarbonize and Diversify

Indian Steel Industry Urged to Decarbonize and Diversify
Steel Industry Must Diversify, Accelerate Decarbonisation: Govt Official · deccanchronicle.com

The Indian government has advised the steel industry to make changes to stay competitive globally.

They suggest focusing on reducing carbon emissions, improving technology, and finding new markets to sell steel.

This is important because countries like the US and EU are putting rules that make it harder for Indian steel to be sold there if it's made in a way that causes a lot of pollution.

The government believes that with the right support and teamwork between the government and industry, India's steel sector can overcome these challenges and become even stronger.

Key facts

Event
Assocham’s India Steel Conclave 2026
Speaker
Ashwini Kumar, Economic Advisor, Ministry of Steel
Key Measures
Decarbonization, Technology and R&D Strengthening, Export Market Diversification
Challenges
EU's Carbon Border Adjustment Mechanism (CBAM), US Section 232, High Carbon Intensity of Indian Steel
Opportunities
Modernization, Emission Reduction, Global Competitiveness

Quotes

Ashwini Kumar

Economic advisor, ministry of steel

“"Indian steel industry must accelerate decarbonisation, strengthen technology and R&D, and diversify its export markets to remain globally competitive amid a rapidly shifting trade landscape shaped by carbon border measures and tariff actions."”
deccanchronicle.com

Sources

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