*In FY26 (April-July 2025), finished steel production stood at 51.46 MT.
*India’s domestic steel demand is estimated to grow by 9-10% in 2025 as per ICRA.
*To achieve steel capacity build-up of 300 MT per annum by 2030, India would need to invest US$ 156.08 billion by 2030-31.
*On July 31, 2025, SAIL has approved a Rs. 7,500 crore (US$ 875 million) capex for FY26, marking a 25% increase over the previous year, to expand capacity across its integrated plants, aiming to scale up to 35 MT per annum by 2030.
*In February 2024, The government has implemented various measures to promote self-reliance in the steel industry.
*Under the Union Budget 2023-24, the government allocated Rs. 70.15 crore (US$ 8.6 million) to the Ministry of Steel.
*In FY26 (April-July 2025), crude steel production in India stood at 54.19 MT.
*Easy availability of low-cost manpower and presence of abundant iron ore reserves make India competitive in the global set up.
*As of April 2025, India has huge iron ore reserves and can produce 700 MT per year and has the potential to be the second largest producer of iron ore globally.
India is tyhe world's largest producer of crude steel, and is currently doubling its production capacity.
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