[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-indias-steel-industry-forecasts-positive-outlook":3,"$fjnKX72BiLw-CiZZ5MQCs0a0C_bANyAZUVd6PqPzBgJg":30,"$f-j9YGNBwRSSL7SH4JzUpRZrBt_Eb-enBkRymgC2HvJg":167,"$fR4DoeVRVekscO3pYCsJIt6KjRPIynjtNlytHFj6IDMg":208,"$fx0Dz-WUAXgaGJDFKp5JoFihuourpw4oC0uNO6EDK9Y8":214,"$flyRSpjhyVE29pqjd-DzWtoRwNGPXrTq6WJDGSvhczcc":246},{"data":4},{"id":5,"title":6,"slug":7,"excerpt":8,"content":9,"imageUrl":10,"socialImageUrl":11,"publishedAt":12,"author":13,"category":14,"likes":15,"summary":16,"captionLinkedin":17,"captionTwitter":18,"captionInstagram":19,"seo":20,"prevPost":22,"nextPost":26},542,"India’s Steel Industry Forecasts Positive Outlook","indias-steel-industry-forecasts-positive-outlook","Discover India’s steel industry outlook for 2030 and 2047. Explore how infrastructure spending, sustainability, and green steel drive growth.","\u003Cp>According to Deloitte report - ‘Steel Outlook of 2030 and 2047’, the steel industry will also get a boost from government spending on infrastructure—almost 62 percent of steel goes into infrastructure construction—as it announced almost INR 10 lakh crore of infrastructure spending in the current budget, which is around 3.3 percent of the GDP. The PLI Schemes are impacting various sectors, and there is a trickle-down impact on the steel industry as well. The sector contributes approximately 2 percent to the Indian GDP and provides employment to over 2 million people.\u003C\u002Fp>\r\n\u003Cp>According to the report, the 2030 vision as per National Steel Policy is 300 mt of crude steel capacity; the impact on the industry will be from the underlying themes such as a strong push towards sustainability in terms of decarbonization, circularity, energy transition, and carbon capture. Also, the carbon border adjustment mechanism in the EU will have a carbon tax on imports from any country that is higher carbon dioxide per tonne of crude steel; today, India is around 2.5 tonnes of carbon dioxide per tonne of crude steel whereas the EU is around 1.8 and the US is lower. Clearly, there is going to be a challenge as discussion on green steel is happening, and the government has already formulated the Green.\u003C\u002Fp>\r\n\u003Cp>The report states that raw material availability is going to be the key challenge. In 2030, captive leases will expire, and we have to look at expediting new iron ore blocks and auctioning quickly, more steel scraps recycling centers, and policies to support exports. Capability development from a skilling and R&D point of view but also the secondary sector: today, 65-70 percent is by integral steel producers and the rest by secondary steel producers; unless the sector picks them up, the entire volume will not be additive. In 2047, the report looks at 500 mt of crude steel capacity, and per capita consumption is going to be around 220-225 kg per capita.\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong>www.ficci.in\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2023\u002FP4BZMSI8YcnwYYPJI0DC.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FJuly2023\u002FP4BZMSI8YcnwYYPJI0DC.jpg","2023-07-24T01:51:27+05:30","MWM Desk","News",0,"Government infrastructure spending is fueling demand, with 62 percent of Indian steel currently utilized in construction projects.\nIndia aims for 300 million tonnes of crude steel capacity by 2030 through sustainability initiatives and carbon reduction.\nAddressing raw material shortages and secondary sector development is critical to reaching the 500 million tonne goal by 2047.","The Indian steel industry is at a critical inflection point. A recent Deloitte report highlights an ambitious roadmap toward 2030 and 2047, driven by significant government infrastructure investment and a structural shift toward green steel production. While the industry contributes 2 percent to India's GDP and employs over 2 million people, stakeholders must navigate challenges like the EU's carbon border adjustment mechanism and raw material availability. To hit the 500 mt capacity target by 2047, the focus must shift to R&D, secondary sector integration, and circularity. As trade professionals, how is your organization preparing for the transition to carbon-neutral manufacturing? Let's discuss the path forward for sustainable industrial growth. #IndiaSteel #Sustainability #InfrastructureDevelopment","India’s steel industry eyes 500mt capacity by 2047! From infrastructure booms to the urgent push for green steel and decarbonization, here is what the future holds for the sector. #SteelIndustry #GreenSteel","Is India’s steel sector ready for the future? 🏗️ A new report forecasts massive growth, aiming for 300 mt capacity by 2030 and 500 mt by 2047! The key drivers? Infrastructure spending and a major pivot toward decarbonization and green steel. 🌍 While the potential is huge, the industry faces real challenges like carbon taxes and raw material supply. It’s an exciting time for manufacturing as we move toward a cleaner, more efficient future. Are you keeping an eye on these industry trends? Let us know your thoughts below! 👇 #SteelIndustry #IndianEconomy #Infrastructure #Sustainability #GreenSteel #ManufacturingNews #IndustrialGrowth",{"title":6,"description":8,"keywords":21},"india steel industry, infrastructure spending, green steel, national steel policy, decarbonization, steel manufacturing, economic growth, b2b industry news, raw material supply",{"title":23,"slug":24,"imageUrl":25},"Hyundai Motor India Enters New Segment with the Launch of EXTER Micro-SUV","hyundai-motor-india-enters-new-segment-with-the-launch-of-exter-micro-suv","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2023\u002FC1wnNECLD5QKxtF6jIgX.jpg",{"title":27,"slug":28,"imageUrl":29},"igus GmbH Revolutionizes Robot Workstation Configuration with Machine Planner on RBTX.com","igus-gmbh-revolutionizes-robot-workstation-configuration-with-machine-planner-on-rbtxcom","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2023\u002FAG1fBslyKgrYFVZau3e8.jpg",{"data":31,"links":104,"meta":109},[32,38,44,50,56,62,68,74,80,86,92,98],{"title":33,"slug":34,"excerpt":35,"imageUrl":36,"publishedAt":37,"author":13,"category":14},"Essar Marks 15 Years of Stanlow Ownership and Investment","essar-marks-15-years-of-stanlow-ownership-and-investment","Essar celebrates 15 years at the Stanlow Manufacturing Complex, unveiling a £4.3B investment strategy for hydrogen and data centers.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fessar-marks-15-years-of-stanlow-ownership-and-investment-g9GAeC.jpeg","2026-08-08T02:00:45+05:30",{"title":39,"slug":40,"excerpt":41,"imageUrl":42,"publishedAt":43,"author":13,"category":14},"Advait Energy Transitions, Manipal Energy Infratech Team Up for Integrated Energy Projects","advait-energy-transitions-manipal-energy-infratech-team-up-for-integrated-energy-projects","Advait Energy Transitions and Manipal Energy Infratech partner to accelerate global energy projects in renewables, BESS, and green hydrogen.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fadvait-energy-transitions-manipal-energy-infratech-team-up-for-integrated-energy-projects-EnSOlA.jpg","2026-08-08T01:45:01+05:30",{"title":45,"slug":46,"excerpt":47,"imageUrl":48,"publishedAt":49,"author":13,"category":14},"ANCA Ushers in New Leadership with Edmund Boland as Group CEO","anca-ushers-in-new-leadership-with-edmund-boland-as-group-ceo","ANCA appoints Edmund Boland as new Group CEO effective August 2026, marking a strategic new chapter in CNC grinding and automation.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fanca-ushers-in-new-leadership-with-edmund-boland-as-group-ceo-LaVelo.png","2026-08-08T01:39:43+05:30",{"title":51,"slug":52,"excerpt":53,"imageUrl":54,"publishedAt":55,"author":13,"category":14},"Schaeffler India Strengthens Leadership with Amit Bhalerao as COO","schaeffler-india-strengthens-leadership-with-amit-bhalerao-as-coo","Schaeffler India appoints Amit Bhalerao as COO to lead manufacturing strategy, digital transformation, and operational excellence.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fschaeffler-india-strengthens-leadership-with-amit-bhalerao-as-coo-s7tsd7.jpg","2026-08-08T01:33:13+05:30",{"title":57,"slug":58,"excerpt":59,"imageUrl":60,"publishedAt":61,"author":13,"category":14},"KAS Group Brings G Sivakumar Onboard to Lead Manufacturing","kas-group-brings-g-sivakumar-onboard-to-lead-manufacturing","KAS Group appoints manufacturing veteran G Sivakumar as GM to bolster its semiconductor and advanced manufacturing operations in India.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fkas-group-brings-g-sivakumar-onboard-to-lead-manufacturing-vEi9jn.jpg","2026-07-31T03:43:17+05:30",{"title":63,"slug":64,"excerpt":65,"imageUrl":66,"publishedAt":67,"author":13,"category":14},"NORD Expands Functional Safety of NORDAC ON Drive Electronics","nord-expands-functional-safety-of-nordac-on-drive-electronics","NORD DRIVESYSTEMS upgrades its NORDAC ON frequency inverters with advanced functional safety features for smarter, safer automation.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fnord-expands-functional-safety-of-nordac-on-drive-electronics-EQbpyp.jpg","2026-07-31T03:39:50+05:30",{"title":69,"slug":70,"excerpt":71,"imageUrl":72,"publishedAt":73,"author":13,"category":14},"CII GreenPro Summit 2026 Drives India’s Industrial Decarbonization Agenda","cii-greenpro-summit-2026-drives-indias-industrial-decarbonization-agenda","CII GreenPro Summit 2026 accelerates India's industrial decarbonization with focus on green products and sustainable value chains.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fcii-greenpro-summit-2026-drives-indias-industrial-decarbonization-agenda-dlMTv5.png","2026-07-31T03:24:02+05:30",{"title":75,"slug":76,"excerpt":77,"imageUrl":78,"publishedAt":79,"author":13,"category":14},"BASF Launches Melyra and Inveris Gold Crop Protection Solutions in India","basf-launches-melyra-and-inveris-gold-crop-protection-solutions-in-india","BASF expands its Indian agricultural portfolio with the launch of Melyra and Inveris Gold, delivering advanced crop protection and enhanced productivity.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fbasf-launches-melyra-and-inveris-gold-crop-protection-solutions-in-india-gdMNFU.jpg","2026-07-31T02:38:13+05:30",{"title":81,"slug":82,"excerpt":83,"imageUrl":84,"publishedAt":85,"author":13,"category":14},"L&T Technology Services Launches Ainfonix™ 4.0 to Accelerate AI Adoption","lt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption","L&T Technology Services unveils Ainfonix™ 4.0 at EI Live, a cutting-edge platform designed to accelerate industrial AI adoption and data utility.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Flt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption-n5XI9j.webp","2026-07-31T02:17:58+05:30",{"title":87,"slug":88,"excerpt":89,"imageUrl":90,"publishedAt":91,"author":13,"category":14},"Tembo Global Industries Opens New Vasai Facility, Boosts Capacity to 1,00,000 MTPA","tembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa","Tembo Global Industries scales up! Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":93,"slug":94,"excerpt":95,"imageUrl":96,"publishedAt":97,"author":13,"category":14},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. MagneTech announces India's first integrated rare earth magnet plant with a INR 1,250 Cr investment to reduce import dependence and fuel EV growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fnan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant-JBb4AB.jpeg","2026-07-31T01:48:57+05:30",{"title":99,"slug":100,"excerpt":101,"imageUrl":102,"publishedAt":103,"author":13,"category":14},"PSB Xchange Expands Lender Network with Punjab National Bank","psb-xchange-expands-lender-network-with-punjab-national-bank","Punjab National Bank joins the PSB Xchange platform to accelerate digital supply chain finance and working capital for Indian 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