India's draft steel policy targets 604 million metric tons of capacity by 2047

The Economic Times, citing Reuters, reports that India opened a draft steel policy for public consultation. It targets 604 million metric tons of capacity by 2047, up from 220 million tons at the time of the report, and aims to cut average carbon-emission intensity from 2.54 to around 1.54 tons of CO2 per ton of crude steel. The draft also looks to joint ventures and foreign assets for high-grade iron ore and to diversified coking coal sourcing.