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These gains, and the headwinds that accompany them, are the subject of the latest Rubix Industry Insights report by Rubix Data Sciences Pvt Ltd.\u003C\u002Fp>\n\u003Cp style=\"text-align: left;\">The report charts how India’s steel industry arrived at this point. In 2024, the country ranked second globally in crude steel production and finished steel consumption and was the world’s largest producer of sponge iron. Meanwhile, India’s global share of crude steel production doubled from 5 percent in 2014 to 8 percent in 2024, while its share of finished steel consumption rose from 5 percent to 8 percent over the same period.\u003C\u002Fp>\n\u003Cp>India has outlined an ambitious roadmap for the sector, aiming to increase crude steel capacity from around 200 million tonnes per annum (MTPA) at present to 300 MTPA by 2030-31, with capacity targeted to reach 400 MTPA by 2035-36 and 500 MTPA by 2047.\u003C\u002Fp>\n\u003Cp>The report attributes this growth outlook to strong structural drivers. As nearly half of India’s population is expected to live in urban areas by 2047, demand for housing, transportation networks, industrial infrastructure, and smart cities is expected to increase significantly, driving sustained steel consumption. To achieve the 400 MTPA production target, the industry is estimated to require investments of nearly INR 17 trillion. At the same time, India’s dependence on imported coking coal, currently around 90 percent of the requirement, remains a structural vulnerability that the sector has yet to meaningfully address.\u003C\u002Fp>\n\u003Cp>The report also highlights India’s accelerating transition towards green steel production through initiatives such as the Green Steel Mission, increased adoption of renewable energy, greater use of scrap-based steelmaking, and the development of green hydrogen-based technologies. These initiatives are becoming increasingly important as global markets introduce carbon-related trade measures such as the European Union’s Carbon Border Adjustment Mechanism (CBAM). \u003C\u002Fp>\n\u003Cp>This growth is also being supported by a coherent policy architecture. The Production Linked Incentive (PLI) scheme for specialty steel, the Domestically Manufactured Iron and Steel Products (DMI&SP) Policy, and the National Steel Policies of 2017 and 2025 together provide a framework spanning demand creation, import substitution, and long-term capacity planning. On the sustainability front, India became the first country in the world to introduce a formal Green Steel Taxonomy in 2024, classifying steel by carbon emission intensity and establishing a star-rating system to incentivize decarbonization across the sector.\u003C\u002Fp>\n\u003Cp>According to Tushar Bhaskar, President, Rubix Data Sciences, the numbers tell a compelling story, but they also reveal the scale of what remains to be done. “India’s steel industry has made genuine strides over the past decade in production and consumption and now in shaping its green steel agenda. At the same time, the structural challenges are real,” he said. “India currently emits around 2.65 tonnes of CO₂ per tonne of finished steel produced, roughly 32 percent above the global average, and imports nearly 90 percent of its coking coal requirements. Closing these gaps is not a matter of policy intent alone; it requires consistent execution and significant capital over a long horizon. The decarbonization agenda is a commercial necessity as well as a competitive opportunity.”\u003C\u002Fp>\n\u003Cp>Bhaskar added that the growth story and the risk story are inseparable. “The demand fundamentals are strong, and the policy direction is largely right. But the INR 17 trillion investment pipeline also represents a significant concentration of counterparty and supply chain risk,” he stated. “Coking coal import dependence, input cost volatility, and the pace of green transition will determine whether the capacity additions translate into a durable competitive advantage or simply add to the pressure on margins.”\u003C\u002Fp>\n\u003Cp>India remained a net importer of finished steel during FY24 and FY25, reflecting robust domestic demand. However, the country returned to being a marginal net exporter in FY26, though the position reversed again in April 2026 as domestic demand outpaced supply. Separately, Chinese finished steel exports to India surged to a two-year high of approximately 232,000 tonnes in April 2026, intensifying price pressure on domestic producers despite recently imposed safeguard duties.\u003C\u002Fp>\n\u003Cp>The report concludes that continued investments in capacity expansion, green steel technologies, and raw material security could position India as a leading global supplier of value-added, low-carbon steel over the long term. Export prospects are also expected to improve following the India–UK Comprehensive Economic and Trade Agreement (CETA), under which 85 percent of Indian steel exports to the UK will be exempt from the UK’s steel safeguard measures. Together, these developments are expected to enhance the global competitiveness of India’s steel industry while supporting its transition towards a more sustainable and resilient growth trajectory. Whether India captures it will depend as much on how quickly its producers lower their carbon footprint as on how much capacity they build.\u003C\u002Fp>\n\u003Cp>For more information: \u003Cstrong>www.rubixds.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FJuly2026\u002Fnews\u002Frubix-report-sees-capacity-expansion-and-green-steel-driving-indias-steel-growth-uq5va1.jpeg",0,"India has surged to become the world’s second-largest crude steel producer and consumer over the last decade.\nThe industry targets a production capacity of 500 MTPA by 2047 to meet rising domestic infrastructure and urban demand.\nDecarbonization is now a commercial imperative as India navigates coking coal dependency and global carbon trade measures.","India’s steel sector eyes 500 MTPA by 2047! Growth is accelerating, but decarbonization and coking coal reliance remain critical hurdles. #SteelIndustry #GreenSteel","From 4th to 2nd place! 🇮🇳 India’s steel industry is officially a global powerhouse, aiming for a massive 500 MTPA capacity by 2047. 🏗️\n\nRecent insights from Rubix Data Sciences highlight the three pillars of this evolution:\n\n1️⃣ Urbanization: Driven by housing and smart city growth.\n2️⃣ Sustainability: India is leading with a formal Green Steel Taxonomy to combat high CO2 intensity.\n3️⃣ Investment: A staggering INR 17 trillion pipeline is expected to reshape the supply chain.\n\nWhile the demand is there, the challenge lies in balancing this rapid expansion with decarbonization and reducing reliance on imported coking coal. It’s a commercial necessity for a competitive future! 📉📈\n\nAre you watching the Indian manufacturing shift? Let us know in the comments.\n\n#Manufacturing #SteelIndustry #Infrastructure #GreenSteel #IndiaGrowth #SupplyChain #RubixReport",{"title":32,"description":34,"keywords":152},"india steel industry,green steel,rubix report,steel production capacity,infrastructure development,decarbonization,crude steel,steel market trends,industrial growth",{"title":38,"slug":39,"imageUrl":41},{"data":155,"links":160,"meta":164},[156],{"title":157,"youtubeUrl":158,"createdAt":159},"Jyoti CNC Automation Brings the Future of Production at Hall 10 - Stall B30","https:\u002F\u002Fwww.youtube.com\u002Fshorts\u002FsMYY4M9vaLg","2026-07-14T06:08:54+05:30",{"first":161,"last":162,"prev":82,"next":163},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=1","https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=1000","https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=2",{"current_page":85,"from":85,"last_page":165,"links":166,"path":194,"per_page":85,"to":85,"total":165},1000,[167,168,169,170,172,174,176,178,180,182,184,186,187,191,193],{"url":82,"label":89,"page":82,"active":90},{"url":161,"label":92,"page":85,"active":93},{"url":163,"label":95,"page":96,"active":90},{"url":171,"label":99,"page":100,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=3",{"url":173,"label":103,"page":104,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=4",{"url":175,"label":107,"page":108,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=5",{"url":177,"label":111,"page":112,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=6",{"url":179,"label":115,"page":116,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=7",{"url":181,"label":119,"page":120,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=8",{"url":183,"label":123,"page":124,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=9",{"url":185,"label":127,"page":128,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=10",{"url":82,"label":130,"active":90},{"url":188,"label":189,"page":190,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=999","999",999,{"url":162,"label":192,"page":165,"active":90},"1000",{"url":163,"label":138,"page":96,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos",{"id":82,"src":196,"path":197,"track_path":82,"alt":198,"raw":199,"ts":200},"\u002Fimages\u002Fassets\u002Ftop_feature.webp","\u002Fcontact-us","Advertise Here","",1784240228,{"data":202,"links":215,"meta":216},[203,204,205,206,207,208,209,210,211,212,213,214],{"title":6,"slug":7,"excerpt":8,"imageUrl":9,"publishedAt":10,"author":11,"category":12},{"title":14,"slug":15,"excerpt":16,"imageUrl":17,"publishedAt":18,"author":11,"category":12},{"title":20,"slug":21,"excerpt":22,"imageUrl":23,"publishedAt":24,"author":11,"category":12},{"title":26,"slug":27,"excerpt":28,"imageUrl":29,"publishedAt":30,"author":11,"category":12},{"title":32,"slug":33,"excerpt":34,"imageUrl":35,"publishedAt":36,"author":11,"category":12},{"title":38,"slug":39,"excerpt":40,"imageUrl":41,"publishedAt":42,"author":11,"category":12},{"title":44,"slug":45,"excerpt":46,"imageUrl":47,"publishedAt":48,"author":11,"category":12},{"title":50,"slug":51,"excerpt":52,"imageUrl":53,"publishedAt":54,"author":11,"category":12},{"title":56,"slug":57,"excerpt":58,"imageUrl":59,"publishedAt":60,"author":11,"category":12},{"title":62,"slug":63,"excerpt":64,"imageUrl":65,"publishedAt":66,"author":11,"category":12},{"title":68,"slug":69,"excerpt":70,"imageUrl":71,"publishedAt":72,"author":11,"category":12},{"title":74,"slug":75,"excerpt":76,"imageUrl":77,"publishedAt":78,"author":11,"category":12},{"first":80,"last":81,"prev":82,"next":83},{"current_page":85,"from":85,"last_page":86,"links":217,"path":139,"per_page":140,"to":140,"total":141},[218,219,220,221,222,223,224,225,226,227,228,229,230,231,232],{"url":82,"label":89,"page":82,"active":90},{"url":80,"label":92,"page":85,"active":93},{"url":83,"label":95,"page":96,"active":90},{"url":98,"label":99,"page":100,"active":90},{"url":102,"label":103,"page":104,"active":90},{"url":106,"label":107,"page":108,"active":90},{"url":110,"label":111,"page":112,"active":90},{"url":114,"label":115,"page":116,"active":90},{"url":118,"label":119,"page":120,"active":90},{"url":122,"label":123,"page":124,"active":90},{"url":126,"label":127,"page":128,"active":90},{"url":82,"label":130,"active":90},{"url":132,"label":133,"page":134,"active":90},{"url":81,"label":136,"page":86,"active":90},{"url":83,"label":138,"page":96,"active":90},{"id":82,"src":234,"path":197,"track_path":82,"alt":198,"raw":199,"ts":200},"\u002Fimages\u002Fassets\u002Fside_top.webp"]