Iron & Steel Industry in India

Expansion of steel production capacity to 300 MT will translate into additional investment of Rs. 10 lakh crore (US$ 156.08 billion) by 2030-31.

Advantage India

Robust
Demand

*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.

Increasing
investments

*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.

Policy
Support

*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.​​

Competitive
Advantage

*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.

Last updated: Oct, 2025

States with the Highest Steel-Producing Capacity in India

  • Odisha
  • Chhattisgarh
  • Jharkhand
  • Karnataka
FDI Confidence Index 2012

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