India Draft Steel Policy Aims for 604 Million Tonnes Capacity and Lower Carbon Emissions by 2047

India's draft National Steel Policy 2047 targets raising crude steel capacity from about 220 million tonnes today to 604 million tonnes by 2047. It also sets a goal to cut average carbon emission intensity from 2.54 tonnes of CO2 per tonne of crude steel to 1.54 tonnes, in line with India's 2070 net zero target. The plan addresses raw material supply, including iron ore and coking coal, with India importing most of its coking coal. To cut emissions, the policy points to energy efficiency, more renewable electricity, scrap-based steelmaking, hydrogen-based technologies, and carbon capture. It also proposes expanding slurry pipelines for iron ore, domestic coal washeries, and AI-based coal blending. The draft covers value-added steel, digital standards, and international cooperation on raw materials and trade. The full impact depends on implementation and investment.