National Steel Policy
In progress (Extended)Approved May 2017 · Economy
A globally competitive, self-sufficient steel industry: meet domestic demand, cut imports of high-grade steel, and support infrastructure and manufacturing growth.
What was promised
- Crude steel capacity of 300 million tonnes by 2030-31, with production of 255 million tonnes.
- Per-capita finished steel consumption of 160 kg (from about 60–70 kg in 2017).
Capacity is about two-thirds of the 300 million tonne target and needs about 20 million tonnes a year of net additions; per-capita consumption needs about 10 kg a year of growth against about 2–3 kg a year recently. Growing fast, target still distant.
Progress update history
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November 2026
Finished steel consumption reached 99.3 million tonnes in April-October 2026, up from 92.4 million tonnes a year earlier, a 7.5 percent rise. Annual crude steel capacity across producers stands at 223.0 million tonnes, with crude steel output of 99.1 million tonnes in the same seven months. India was a net importer of finished steel by quantity in this period, with imports of 4.90 million tonnes against exports of 3.98 million tonnes.
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FY 2025-26
Crude steel capacity about 200.3 million tonnes (FY25); production 168.4 million tonnes crude (FY26). India is the world's second-largest crude steel producer.
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FY 2025-26
Per-capita consumption about 100 kg (FY26), well below the 160 kg target with five years left.
Sources: Ministry of Steel, An Overview of Steel Sector · The Hindu BusinessLine (secondary) · PIB, Finished steel consumption 99.3 Mt (5 November 2026)