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Major capacity expansion: India aims to increase steel production capacity from approximately 220 million metric tons to 604 million by 2047, supporting
India's draft national steel strategy targets 123 million tonnes of annual scrap recycling by 2047, up from 36 million tonnes in FY 2025/2026, with domestic collection set to drive most of the growth.
New Delhi : India envisages a near threefold expansion in crude steelmaking capacity to 604 million tonnes (MT) by 2047 and raise finished steel demand to...