One of the most significant trends in the Indian iron and steel industry is the shift towards high-quality, value-added products. Indian steel companies are investing in advanced technologies and processes to produce steel with higher strength, durability, and corrosion resistance. This trend is driven by the increasing demand for such products in the automotive, construction, and engineering sectors.
Environmental sustainability is also a growing concern. The government has set ambitious targets for reducing greenhouse gas emissions and improving energy efficiency in the industry. Steel companies are investing in renewable energy sources like wind and solar to reduce their carbon footprint. India pledged to become net zero by 2070 at the COP 26 held in Glasgow.
About 7% of greenhouse gas (GHG) emissions are caused by the steel industry, with each tonne of steel produced typically emitting 1.85 tonnes of carbon dioxide.
They are also implementing measures to reduce water usage, waste generation, and air pollution.
