India is now the world's second-largest steel producer, with crude steel output rising from 28 MT in FY02 to 152 MT in FY25. The article details policy shifts, the PLI scheme for speciality steel, and the looming challenge of EU's CBAM, which targets 90% of India's CBAM-exposed exports from the iron and steel sector.
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- ›Global Rank (Steel): 2nd (after China)
- ›India's Global Steel Output Share: ~9% (2023)
- ›Target this Data: India's crude steel production in FY25 = 152 million tonnes; global share = ~9%
- ›Target this Nodal Body: Ministry of Steel (for PLI scheme, QCOs, greening roadmap)
- ›Target this Legal Point: EU-CBAM (Carbon Border Adjustment Mechanism) – a climate tariff on imports
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