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Steel Sector
The government will continue to prioritise higher steel production and raw material security in the coming year, as India enters the final five years of its journey towards achieving an installed steelmaking capacity of 300 million tonne (MT) by 2030. Alongside capacity expansion, the emphasis will remain on the adoption of low-carbon technologies, the development of green steel capacity and the production of special and high-end steel grades to meet the evolving needs of domestic industries and export markets, a steel ministry official said. The push comes at a time when India is the world's second-largest crude steel producer, and steel demand continues to be supported by strong infrastructure spending, housing, railways, automobiles, defence manufacturing and capital goods under government initiatives such as PM Gati Shakti, National Infrastructure Pipeline, and Make in India. However, the industry is also bracing for continued challenges in 2025, including rising imports, volati
India can mitigate the impact of high tariffs in global markets by exporting high-value cold-rolled steel components and other value-added items that face lower duties, said Dhirendra Sankhla, Director of Mother India Forming (MIF) -- a manufacturer of customised steel tubes and profiles. The United States has increased tariffs on Indian steel to 50 per cent, while the European Union is proposing new tariffs, creating a ripple effect across the global steel trade and causing uncertainty for countries like the UK. "The world challenged India with 'Make in India', and Indian manufacturers responded with the 'Made in India' benchmark, meeting global quality and delivery standards. By converting steel volume into precision-formed components, India is no longer just a steel producer, it is a solutions provider for the world," Sankhla said. Cold-roll sheet forming converts steel coil into engineered profiles, tubes and components that are often classified differently for trade purposes, .