The Indian government announced a ₹15,000 crore Green Steel Mission to decarbonize the steel industry, aligning with the Net Zero target. The initiative includes PLI schemes, green hydrogen projects, and quality standards for green steel production to boost environmental sustainability and global competitiveness.

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• Govt launches ₹15,000 crore Green Steel Mission to reduce carbon emissions in steel production.
• Includes PLI Scheme for Green Steel and incentives for using renewable energy.
• Green Hydrogen Mission integrates steel sector for decarbonization with ₹455 crore allocated for pilot projects.
• Pilot projects include using 100% hydrogen in Direct Reduced Iron (DRI) production and reducing coal in blast furnaces.
• Green Steel Taxonomy introduced to define and categorize low-emission steel with a star rating system.
• Steel Scrap Recycling Policy promotes resource efficiency through domestic scrap availability.
• PLI Scheme for Specialty Steel to reduce imports, with ₹17,581 crore invested and 8,660 jobs generated as of October 2024.
• Govt working on a global strategy to position India as a leader in steel exports with focus on raw materials, investments, and technology.
• Quality Control Order (QCO) enforces BIS standards for steel to ensure consistency and quality in production.
• Strategy Paper for India’s Steel Global Outlook to be formulated after stakeholder consultations.