Archive · 29 Sep 2026
India’s New Steel Policy Targets 600 MT Capacity by 2047
India wants to make much more steel by 2047.
Its new plan aims for about 600 million tonnes of steelmaking capacity, while one presentation gave a figure of 604 million tonnes.
The plan will be shared with businesses and other stakeholders for comments within about a week.
It will replace the steel policy introduced in 2017.
The government wants to discourage very cheap or low-quality steel imports.
It also wants smaller steel companies to become more competitive through better technology and pricing.
The policy will encourage special, value-added and greener kinds of steel.
India is also considering a ₹5,000-crore scheme for small producers.
Companies could receive support when they reduce their carbon emissions using better technology, materials and renewable energy.
India plans to raise steelmaking capacity to 600 million tonnes by 2047, with one presentation citing 604 million tonnes.
The new National Steel Policy is expected to enter public consultation within about a week and replace the 2017 policy.
The policy will propose safeguard and anti-dumping duties to discourage cheap and substandard steel imports.
It will emphasize value-added, speciality, green and stainless steel, alongside technology upgrades and decarbonisation.
A proposed ₹5,000-crore Viksit Bharat Ispat scheme would link incentives for small producers to carbon-emissions reductions.
- Who
- The Government of India, led on the policy by Steel Secretary Sandeep Poundrik, is preparing the plan.
- What
- A new National Steel Policy will establish a roadmap for raising India’s steelmaking capacity to about 600 million tonnes by 2047.
- When
- The announcement was made on September 29, 2026; the policy is expected to be released for stakeholder consultation within about a week, with one report describing the target as the first week of the following month.
- Where
- India; the announcement was made in New Delhi at events involving the Confederation of Indian Industry.
- Why
- The government says the policy is needed to support the Viksit Bharat 2047 vision, improve competitiveness, reduce dependence on imports, and address technology, sustainability and decarbonisation needs.
- 2047 capacity target
- About 600 million tonnes; a government presentation cited 604 million tonnes.
- Current capacity
- Reports put India’s steelmaking capacity at approximately 220-222 million tonnes per year.
- 2017 policy target
- The previous National Steel Policy aimed for 300 million tonnes of capacity by 2030 or 2030-31.
- Consultation timeline
- The new policy is expected to be placed in the public domain for comments within about a week.
- Small-producer scheme
- The proposed Viksit Bharat Ispat scheme would have an outlay of ₹5,000 crore.
- Scheme condition
- Incentives for small steel producers would be linked to production and reductions in carbon emissions.
- Recent consumption
- Domestic steel consumption reached about 164 million tonnes in 2025-26.
Sources
India targets 600 MT steel capacity by 2047, new policy soon: Secretary
India To Unveil New Steel Policy; Eyes 600 MMT Capacity by 2047
New steel policy to target 600 MT capacity by 2047 says Steel Secretary
