{"id":628209,"date":"2026-10-12T10:58:38","date_gmt":"2026-10-12T10:58:38","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/628209\/"},"modified":"2026-10-12T10:58:38","modified_gmt":"2026-10-12T10:58:38","slug":"india-aims-to-upgrade-steel-capacity-to-604m-tons-by-2047","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/628209\/","title":{"rendered":"India aims to upgrade steel capacity to 604M tons by 2047"},"content":{"rendered":"<p>India targets increasing its<a href=\"https:\/\/www.dailysabah.com\/business\/economy\/turkiyes-crude-steel-output-rises-81-in-first-half-of-2026\" rel=\"nofollow noopener\" target=\"_blank\"> steel<\/a> capacity to 604 million metric tons by 2047 from around 220 million tons at present, according a draft steel policy for public consultation released late \u200bon Saturday.<\/p>\n<p>Reuters reported last week, \u200bciting the draft document, that the \u200bpolicy lays out plans to cut sector emissions \u2060and shore up access to iron \u200bore and coking coal, key raw materials, \u200bto meet anticipated demand.<\/p>\n<p>The policy aims to cut the sector&#8217;s average carbon-emission intensity to around 1.54 tons \u200bof carbon dioxide per ton of \u200bcrude steel by 2047 from the current 2.54 tons, \u200cin \u2060line with India&#8217;s net zero emission goal for 2070, according to the draft document.<\/p>\n<p>The steel ministry expects iron ore demand at \u200b772 million \u200btons and \u2060plans to secure access to high-grade reserves by pursuing foreign \u200bassets and joint ventures, the document \u200bsaid.<\/p>\n<p>The \u2060ministry also expects coking coal demand to reach 236 million tons, the document said, \u2060with \u200bthe government planning to \u200bdiversify its sourcing via &#8220;strategic global outreach&#8221; and acquire overseas assets.<\/p>\n<p>                    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/10\/1791802718_535_JN9LXf.png\" alt=\"\"\/><\/p>\n<p>\n                    The Daily Sabah Newsletter\n                <\/p>\n<p>\n                    Keep up to date with what\u2019s happening in Turkey,<br \/>\n                    it\u2019s region and the world.\n                <\/p>\n<p>                    SIGN ME UP\n                <\/p>\n<p>\n                    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.<br \/>\n                    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.\n                <\/p>\n","protected":false},"excerpt":{"rendered":"India targets increasing its steel capacity to 604 million metric tons by 2047 from around 220 million tons&hellip;\n","protected":false},"author":2,"featured_media":628210,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,2344,111,139,69,1620,34207,34211],"class_list":["post-628209","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-india","tag-new-zealand","tag-newzealand","tag-nz","tag-steel","tag-steel-industry","tag-steel-production"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/628209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=628209"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/628209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/628210"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=628209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=628209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=628209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}