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India's Steel Output Reaches 152 MT in FY25, PLI Scheme for Speciality Steel Launched

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains HighStatic GK Link
30 Jun 2026
~2 min
Source: Indian Express
Key Data:Crude steel production FY25: 152 MTCrude steel production FY02: 28 MTGlobal steel output share: ~9%Annual demand growth: 7.6%Top 5 firms market share: 40-45%Import tariff cut: 93% to 7%
Bodies:Ministry of SteelNiti AayogEuropean Union
Practice MCQs from today's news ▸
What This Article Covers

1.India's crude steel production expanded from 28 MT (FY02) to 152 MT (FY25), making it the world's second-largest producer with ~9% global share.

2.Top producers include Tata Steel, JSW Steel, SAIL, Jindal Steel & Power, and Arcelormittal Nippon Steel India; SAIL's market share declined from 29% to 9%.

3.EU's CBAM poses a significant threat to India's steel exports, as the iron and steel sector constitutes 90% of India's CBAM-exposed exports to the EU.

The Big Picture
Prelims · HighMains · High

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.

Exam Lens

Quick Exam Facts From News

Global Rank (Steel)2nd (after China)
India's Global Steel Output Share~9% (2023)
Crude Steel Production (FY25)152 million tonnes
Crude Steel Production (FY02)28 million tonnes
Annual Demand Growth (2002-2025)7.6%
Top 5 Firms Market Share40-45%
Import Tariff Cut (1990-2007)93% to 7%
Iron Ore Export Duty (2007)Initially 15%, later 30%
QCOs Applicable on Steel556 eight-digit HS codes
Additional Duty on Steel (2025)12% (over 7% existing)
PLI Scheme Launch Year2021
Greening Steel Pilot Allocation₹455 crore (till 2029-30)
QCOs Suspended (April 2026)~50 steel products
CBAM-exposed Exports (Steel share)90% of India's CBAM exports

1-Minute Revision

  • ›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

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which ministry is primarily responsible for implementing the Product-Linked Incentive (PLI) scheme for speciality steel in India?

Q2Statement-basedHard

Consider the following statements regarding India's steel industry:

1. India is the world's second-largest producer of steel, accounting for about 9% of global output.

2. The top five steel producers in India account for 60-65% of domestic output.

3. The EU's Carbon Border Adjustment Mechanism (CBAM) primarily targets the iron and steel sector from India.

Which of the statements given above is/are correct?

Q3Data-centricMedium

What was India's crude steel production in FY 2024-25 (FY25) as mentioned in the article?

Q4Application/ImpactMedium

What is the primary objective of the EU's Carbon Border Adjustment Mechanism (CBAM) as it relates to India's steel sector?

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