India’s steel sector continues to gain momentum, solidifying its position as a global powerhouse in steel production. In April 2025, the country produced 12.9 million tonnes (MT) of crude steel, registering a 5.6 per cent increase compared to April 2024, according to the World Steel Association. This consistent rise reaffirms India’s status as the world’s second-largest steel producer, trailing only behind China.
The upward trend is not limited to production alone. India’s crude steel production capacity has also seen substantial year-on-year growth. As per data from the South East Asia Iron and Steel Institute (SEAISE), the country’s capacity surged from 186 MT in FY24 to 205 MT in FY25—marking a growth of over 10 per cent. This expansion comes amid rising domestic demand, fueled by large-scale infrastructure projects and government initiatives under schemes like Gati Shakti and the National Infrastructure Pipeline.
Looking ahead, India has set ambitious targets to scale up its steel production capacity to 300 MT by 2030. In the longer term, the nation plans to push this figure to 500 MT by 2047, aligning with its goal of becoming a $5 trillion economy and a global manufacturing hub. The government is also encouraging the adoption of green steel technologies to reduce the sector’s carbon footprint.
Industry stakeholders view this trajectory as a significant opportunity to attract global investment, enhance exports, and support allied industries such as construction, automotive, and capital goods.
India’s aggressive expansion strategy positions it not just as a key player in global steel markets but also as a driver of sustainable industrial growth.
