[SMM Iron & Steel] India Targets 300 Million Tonnes of Steel Capacity by 2030

Published: May 5, 2026 16:38

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The Indian Ministry of Steel reaffirmed in late April 2026 its goal to reach 300 million metric tons of crude steel capacity by 2030, rising from the current 168 million tons. Approximately 64% of this planned expansion relies on the coal-based blast furnace method, creating significant demand for metallurgical coal. To support this growth, India is diversifying its coking coal imports, with the U.S. share of imports increasing to 15% by 2025, reducing reliance on Australian supply which previously commanded 72% of the market.

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