Indian steel industry faces import surge, cost volatility, aiming for capacity boost by 2030.

The Indian steel industry is navigating rising imports and volatile raw material costs, aiming to boost capacity to 300 million tons by 2030. Imports surged 41% in the first half of 2024, while exports fell 36%. The industry seeks policy support, including a proposed 25% safeguard duty on imports, and is pushing for investments in clean manufacturing processes to meet global emission standards.