India's iron and steel industry poised for growth
pre-market1 source ↓written by the desknot a recommendation
- aims to reach
- 200 MTPA
- aims to reach
- 300 MTPA by 2030-31
- 500 MTPA by 2047
- investments
- ₹17 lakh cr
- in 2024
- 8%
India’s iron and steel industry is set for long-term growth driven by capacity expansion and the shift towards green steel production. Current crude steel capacity of 200 MTPA aims to reach 300 MTPA by 2030-31 and 500 MTPA by 2047. This expansion could require investments of nearly ₹17 lakh cr.
The country's share of global crude steel production is projected to rise from 8% in 2024, enhancing market sentiment for related sectors.
Not investment advice. For informational purposes only.