India releases draft steel policy targeting 604 million tonnes capacity by 2047

Exam-focused facts from the 11 October 2026 current affairs briefing.

Key facts

India released a draft steel policy for public consultation targeting 604 million metric tonnes of steel capacity by 2047, up from around 220 million tonnes at present.
The policy aims to cut the sector's average carbon-emission intensity to around 1.54 tonnes of carbon dioxide per tonne of crude steel by 2047 from the current 2.54 tonnes, in line with India's net zero emission goal for 2070.
The steel ministry expects iron ore demand at 772 million tonnes and plans to secure access to high-grade reserves by pursuing foreign assets and joint ventures.
The ministry expects coking coal demand to reach 236 million tonnes, with sourcing to be diversified via strategic global outreach and acquisition of overseas assets.