[SMM Steel] India and China account for 86% of planned coal-based steel capacity

Published: May 13, 2026 17:45

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[SMM Steel] A Global Energy Monitor report showed that India is developing over 60% of the world’s new coal-based blast furnace steelmaking capacity, while India and China together account for 86% of planned projects globally. Around 319 million mt/year of new coal-based steel capacity is currently announced or under construction, despite the steel sector already contributing 11% of global CO₂ emissions. The report noted that only 34% of global steel production currently uses electric arc furnaces, while green hydrogen-based DRI accounts for just 2% of total DRI capacity. In India, 93% of planned ironmaking capacity still relies on coal-intensive technology, though only 5% has started construction so far.

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