Draft National Steel Policy released for public consultation, targeting 604 Mt capacity by 2047

India released a draft steel policy for public consultation, targeting 604 million metric tonnes of steelmaking capacity by 2047 (from around 220 million tonnes currently), according to the draft document cited in the report. The draft also sets an emissions-intensity goal of about 1.54 tonnes CO2 per tonne of crude steel by 2047 (from 2.54 currently) and outlines plans to secure iron ore and coking coal supplies, including pursuing foreign assets and joint ventures.