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Wire · operational-macro

New Steel Policy Targets 604 Million Tonnes Capacity by 2047, Focuses on Circular Economy

18 October 2026 · By · Wire by Fusion42

Published

18 October 2026

Topic

operational-macro

◆ Sectors

Industrial

◆ Geography

India

◆ Source

Read at indiabusinesstrade.in →

◆ Verified

Fusion42 · 18 October 2026 · Fusion42 review

India's proposed National Steel Policy 2047 aims to increase crude steel production capacity to 604 million tonnes, emphasise a circular economy, boost value-added steel production, and significantly reduce carbon emissions in the steel sector.

This Wire brief sits within Fusion42's coverage of Industrial.

◆ ◆ The Wire takeaway

India's steel policy creates new growth pathways for manufacturers focusing on green steel and recycling technologies. You need to position your business for increased regulation and market demand around sustainable steel production soon.

◆ Coverage

1 source · 18 Oct 2026

◆ Related on Wire

◆ Topics

Industrialsteel-policycapacity-expansioncircular-economycarbon-reductionindia