India aims to increase its crude steel capacity to 300 million tonnes by 2031, but current production emissions are 28% higher than the global average. To meet climate goals, the industry must shift from traditional blast furnaces to electric arc furnaces and hydrogen based production. Market drivers like the EU Carbon Border Adjustment Mechanism (CBAM) and India's own Green Steel Taxonomy are pushing companies toward verifiable carbon accounting. While some firms are piloting low carbon pathways, others continue to expand conventional high emissions capacity.
