Archive · 23 Jul 2026
Indian Steel Industry Urged to Decarbonize and Diversify
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.
The Indian steel industry must diversify and accelerate decarbonization to remain globally competitive.
The US and EU have implemented measures like Section 232 and CBAM to protect their industries.
The EU's CBAM will make it difficult for Indian steel exports due to high carbon intensity.
The government sees this as an opportunity to modernize and strengthen the industry's global competitiveness.
Collaboration between the government and industry is crucial for overcoming these challenges.
- Who
- Ashwini Kumar, Economic Advisor, Ministry of Steel
- What
- Urged the Indian steel industry to diversify, accelerate decarbonization, and strengthen technology and R&D
- When
- Thursday (specific date not mentioned)
- Where
- New Delhi, at Assocham’s India Steel Conclave 2026
- Why
- To remain globally competitive amid shifting trade landscapes and protective measures by countries like the US and EU
Pro-Decarbonization
Pro-Status Quo
Decarbonization and Modernization
Pro-Decarbonization
The Indian steel industry must accelerate decarbonization and modernize to remain globally competitive, especially with the EU's CBAM and other protective measures.
Pro-Status Quo
The industry should focus on maintaining current production levels and markets without significant changes, as decarbonization may be costly and time-consuming.
- 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