Introducing the Kallanish India Steel Market Report - India’s steel industry is evolving rapidly, shaped by dynamic domestic demand, shifting global trade flows, and ambitious decarbonization goals. Our new monthly analytical report delivers in-depth insights into key market trends, pricing movements, policy developments, and strategic shifts impacting the sector.

Designed for industry professionals, traders, and decision-makers, this report provides a clear, data-driven perspective on India’s steel landscape—helping you stay ahead in an increasingly competitive market.

Stay informed. Stay ahead. Explore the latest analysis in this edition.

India's vehicle recycling is key to scrap use surge

India has emerged as the world’s second-largest steel producer, trailing only China, with ambitious plans to increase its production capacity to 300 million tonnes/year by 2030.

The domestic steel industry uses the Blast Furnace-Basic Oxygen Furnace (BF-BOF) route and the Direct Reduced Iron (DRI) route for around 70-75% of production. This reliance is due to the availability of low-cost raw materials, particularly iron ore. However, these methods are energy-intensive and carbon-emitting, relying on coal, a major contributor to greenhouse gas emissions.

According to International Energy Agency (IEA) data, carbon dioxide (CO2) emissions from Indian steel production range from 2.5 to 2.85 tonnes per tonne of crude steel, in contrast to the global average carbon intensity of 1.4 tonnes per tonne of steel.

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