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India unveils steel policy aiming for 604 million tons capacity by 2047
NEW DELHI: India released a draft steel policy for public consultation late on Saturday, targeting 604 million metric tons of steel capacity by 2047 from around 220 million tons at present. Reuters reported last week, citing the draft document, that the policy lays out plans to cut sector emissions and shore up access to iron ore and coking coal — key raw materials — to meet anticipated demand. The policy aims to cut the sector’s average carbon-emission intensity to around 1.54 tons of carbon dioxide per ton of crude steel by 2047 from the current 2.54 tons, in line with India’s net...
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