Is India Targeting 300 Million Tonnes of Crude Steel Production Capacity by 2030?
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Synopsis
India's steel industry is on a transformative journey, aiming for a staggering 300 million tonnes of production capacity by 2030. This goal is backed by strong domestic demand and government initiatives to boost the sector. Explore how India's leadership is driving this ambition in a rapidly evolving global landscape.
Key Takeaways
- India targets 300 million tonnes of crude steel production capacity by 2030.
- Domestic steel demand is growing at 11-13 percent.
- Focus on Green Steel production to reduce carbon emissions.
- Invitation extended to Sweden for Bharat Steel 2026.
- Government implemented a 12 percent safeguard duty on certain steel imports.
New Delhi, Oct 31 (NationPress) India is setting its sights on reaching 300 million tonnes of crude steel production capacity by the year 2030, as stated by the Union Minister of State for Steel, Bhupathiraju Srinivas Varma, on Friday.
During a meeting with Sara Modig, State Secretary to the Minister for Energy, Business and Industry of Sweden, and in the presence of Swedish Ambassador Jan Thesleff and other officials, Varma emphasized the rapid expansion of India's steel sector under the visionary leadership of Prime Minister Narendra Modi.
India's domestic steel demand is currently witnessing a remarkable growth rate of 11-13 percent, spurred by extensive infrastructure projects, even as global demand is experiencing a downturn, as per the Steel Ministry.
The discussions focused on identifying collaboration avenues in research and development for Green Steel production and other advanced technologies aimed at minimizing carbon emissions.
Varma reiterated the invitation for Sweden to join in Bharat Steel 2026, an International Conference-cum-Exhibition dedicated to the steel industry, set to take place on April 16–17, 2026, at Bharat Mandapam, New Delhi.
In another development, India's eight core industries reported a growth rate of 3 percent in September this year compared to the same month last year, with steel and cement sectors showing significant growth, according to data released by the Commerce and Industry Ministry.
Steel production experienced a substantial increase of 14.1 percent in September compared to the previous year, driven by heightened demand from major infrastructure projects initiated by the government. The cumulative steel growth from April to September 2025-26 rose by 11 percent compared to the same period last year.
To safeguard the domestic market, the government imposed a 12 percent temporary safeguard duty on certain steel imports in April 2025. These actions are part of ongoing efforts aimed at protecting the industry and promoting self-reliance under initiatives like 'Make in India'.
Point of View
I believe that India's ambitious target of reaching 300 million tonnes of crude steel production capacity by 2030 showcases the nation's commitment to economic growth and infrastructure development. With a focus on sustainability and self-reliance, this initiative aligns with global efforts to reduce carbon emissions while fostering industry resilience. It's a crucial step for India's future.
NationPress
31/10/2025
Frequently Asked Questions
What is India's crude steel production target for 2030?
India aims to achieve 300 million tonnes of crude steel production capacity by 2030.
Who announced the steel production target?
The target was announced by Union Minister of State for Steel, Bhupathiraju Srinivas Varma.
What is driving the growth in India's steel demand?
The growth in India's steel demand is driven by large-scale infrastructure projects, with a current growth rate of 11-13 percent.
