India eyes 300 MT steel goal by 2030 amid global challenges

The central government is optimistic that India will exceed its 300 million tons of annual steel production target by the decade's end.

- SIMONTINI BHATTACHARJEE

While talking to the Millennium Post, steel secretary Sandeep Poundrik highlighted the significant capacity expansion underway in the Indian steel industry, led by Integrated Steel Producers (ISPs) such as JSW Steel, Tata Steel, and the Steel Authority of India Limited (SAIL).

JSW Steel, for instance, currently operates at a capacity of 33 million tons and plans to increase it to 50 million tons by 2030. Similarly, Tata Steel and SAIL are pursuing ambitious expansion strategies, aiming to boost their capacities to 40 million tons and 35 million tons, respectively. ISPs are targeting an additional 85 million tons of capacity by 2030, which would elevate the total ISP capacity to 213 million tons.

"Domestically, the situation is equally nuanced... However, when combined with the anticipated growth in secondary steel production, India's total capacity is set to surpass 300 million tons by the end of the decade," Poundrik stated.