Overview

• A 12% safeguard duty on imports and upgraded mine-to-market links have boosted domestic capacity and trimmed production costs
• Annual steel production has nearly doubled since 2014, propelling India toward its 2030 target of 300 MTPA
• Modi and Steel Minister H.D. Kumaraswamy highlighted steel’s role in highways, high-speed rail, metro networks, renewable energy parks, EVs and defence systems
• The iron and steel products policy and Production Linked Incentives scheme have spurred self-reliance and accelerated green innovations including AI, automation, coal gasification and recycling
• Stronger domestic output has enabled quality steel exports, empowered MSMEs and advanced the Atmanirbhar Bharat initiative