India is going to be a net IO importer shortly. 282 Mt produced in 2023. They'll need 800 Mt p.a. over time, according to targets, and are looking at some serious mine depletion rates if no new exploration occurs in the near future.SynopsisIndia aims to triple its domestic steel production capacity to 500 million tonnes per year by 2047 while reducing emission intensity to 2.25 tonnes of CO2 per tonne of crude steel production by fiscal year 2029, with further reductions targeted by 2047. These targets surpass the goals outlined in India's Nationally Determined Contributions (NDCs) for the steel sector.
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