According to the draft National Steel Policy 2025, India plans to aggressively expand its steel production capacity to 400 million tons by the 2035-36 fiscal year, requiring approximately $183.41 billion in capital investments. The policy heavily focuses on decarbonization and raw material independence, aiming to reduce reliance on imported coking coal to 80% from the current 90%. Furthermore, the government intends to lower average steel mill emissions to 2 tons of carbon dioxide per ton of rolled steel, promoting gas-based production and scrap utilization.

[SMM Steel] India is drafting the National Steel Policy 2025, aiming to reduce steel sector emissions by about 25% and expand crude steel capacity to 400 million mt by 2035-36. The plan targets lowering emissions to 2 tons of CO₂ per ton of finished steel, while reducing coal dependence and supporting long-term production growth.

At the 2023 SMM 12th Metal Industry Annual Conference - SMM Steel Forum, jointly hosted by SMM, the People's Government of Jiangjin District in Chongqing, and the Shanghai Futures Exchange, Lu Ting, SMM's Senior Director of the ferrous metals consultation team, analyzed the current state and future trends of the global iron ore industry.