**Summary:**
The Ministry of Steel announced on July 29, 2025, its continued efforts to facilitate the growth of the steel sector through a conducive policy environment, as steel is a deregulated sector. The National Steel Policy of 2017 aims to achieve a crude steel capacity of 300 million tonnes (MT) and production of 255 MT by 2030, based on projected domestic demand and exports. As of the fiscal year 2024-25, India's crude steel capacity was 200.33 MT, with a production of 152.18 MT. Finished steel imports, including those from China, were also detailed. In 2023-24, total finished steel imports were 8.32 MT, with China accounting for 2.69 MT (32.3%). In 2024-25, total imports rose to 9.55 MT, with China contributing 2.53 MT (26.5%). During April-June 2025-26, total imports were 1.38 MT, of which 0.31 MT (22.4%) originated from China. This information was provided by the Minister of State for Steel, Shri Bhupathiraju Srinivasa Varma, in a written reply in the Lok Sabha. Data source: Joint Plant Committee (JPC).
Key Entities Referenced
Ministry of Steel: The Indian government ministry responsible for the development of the steel sector.
National Steel Policy, 2017: A policy document that outlines the vision for the Indian steel industry.
Shri Bhupathiraju Srinivasa Varma: Minister of State for Steel
China: Country from which finished steel is imported.
Lok Sabha: The lower house of the Parliament of India, where the information was provided.
Joint Plant Committee (JPC): Source of data related to import.
Delhi: Place of publication
Ministry of Steel
TARGET TO INCREASE CRUDE STEEL
CAPACITY
Posted On: 29 JUL 2025 4:59PM by PIB Delhi
Steel is a de-regulated sector and the government acts as a facilitator by creating a conducive policy
environment for the development of the steel sector. National Steel Policy, 2017 envisages a crude steel
capacity of 300 million tonnes (MT) and production 255 MT by 2030 based on projections of growth in
domestic demand, exports and various other factors. Crude steel capacity and production for the year 2024-
25 were 200.33 MT and 152.18 MT, respectively.
The details of finished steel imports from China over the last two years and the current year, along
with its share in overall imports, are given below:-
Finished Steel Imports(MnT)
Imports from
Year Total Imports %share of China
China
2023-24 2.69 8.32 32.3
2024-25 2.53 9.55 26.5
Apr-Jun2025-26* 0.31 1.38 22.4
Source: Joint Plant Committee(JPC);*Provisional; MnT=million tonnes
This information was given by the Minister of State for Steel, Shri Bhupathiraju Srinivasa Varma in a written
reply in the Lok Sabha today.
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TPJ/NJ
(Release ID: 2149771)