Wire · operational-macro
New Steel Policy: Circular Economy, Value Addition, Decarbonization
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Fusion42 · 17 October 2026 · Fusion42 review
India's new National Steel Policy aims to promote a circular economy, enhance value-added production, and achieve significant decarbonisation in the steel industry by 2047. The policy targets increasing crude steel capacity to 604 million tonnes and finished steel demand to 505 million tonnes, with strong support for MSMEs and manufacturing clusters.
This Wire brief sits within Fusion42's coverage of Industrial, and 2 sources have reported it.
◆ ◆ The Wire takeaway
India is setting a clear growth path for steel capacity with strong support for smaller manufacturers and environmental targets. You should explore how to position your steel or downstream business to leverage new investment incentives and sustainability mandates.
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2 sources · 17 Oct 2026
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