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BSL to establish two greenfield steel units

Phase I will boost production through brownfield development with the current facility.

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Bokaro Steel Plant (BSL) has announced plans to set up two Greenfield steel units, each with a production capacity of 5 million tonnes per annum (MTPA). However, the immediate focus is on a brownfield project aimed at increasing BSL’s existing crude steel production capacity from 4.66 MTPA to 7.61 MTPA by 2030.

According to BSL Director-in-Charge Birendra Kumar Tiwari, the first phase of expansion will concentrate on boosting production through brownfield development within the current facility.

“Although we have the potential to establish two Greenfield projects with 5 MTPA capacity each, our current priority is on the brownfield phase. We plan to invest in Greenfield projects after generating sufficient revenue from the brownfield expansion. Over the next five years, BSL will prioritise production growth and use the resulting profits to fund future Greenfield ventures,” Tiwari stated.
(ET)

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AM/NS India to Launch Steel Project in Andhra

Major steel project set for Andhra Pradesh

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ArcelorMittal Nippon Steel (AM/NS) India is moving forward with a significant steel project in Andhra Pradesh, entailing an investment of ?1.4 lakh crore. This massive project aims to establish a steel manufacturing capacity of 17.8 million tonnes per annum (MTPA), with operations expected to boost both state and national steel output. The facility will incorporate advanced, sustainable technologies and contribute significantly to India’s target of self-sufficiency in steel production. The venture includes environmental compliance measures and strategic partnerships with local stakeholders to promote economic growth and job creation in the region. The Andhra Pradesh government has welcomed the investment, highlighting its potential to generate thousands of direct and indirect jobs. AM/NS India’s investment underscores its commitment to expanding its footprint in India and aligning with national goals to elevate the country as a global steel production hub. The project’s development is expected to attract further infrastructure investment and strengthen the state’s industrial base.

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Steel Sector Faces ?89,000 Crore Challenge

Rising imports strain steel companies’ resources.

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The Indian steel industry is currently grappling with a significant challenge, with companies facing ?89,000 crore worth of unsold stock due to rising imports. This situation has escalated as increased foreign steel supplies, coupled with fluctuating domestic demand, have intensified market competition. The influx of cheaper imports is impacting local producers’ ability to maintain price stability and profitability.

Industry leaders are concerned that the current market dynamics, driven by a demand-supply gap, are causing considerable financial strain on steel companies. The increasing volume of imports, especially from countries with lower production costs, is eroding the market share of domestic producers, making it difficult for them to compete effectively.

The situation is further complicated by price volatility, which affects production costs and the overall economic viability of steel operations. Companies are seeking intervention from the government to implement safeguard measures that would help protect the domestic industry from unfair competition and ensure a level playing field.

Analysts indicate that without prompt action, including potential tariffs or import restrictions, the steel sector may face severe consequences, including production cuts and layoffs, as companies struggle to clear their stock and maintain operational continuity.

The manufacturing sector relies heavily on steel, making this issue critical not only for steel producers but also for broader industrial growth. The government’s role in facilitating fair trade practices and supporting local businesses will be vital in addressing these challenges and ensuring the sustainability of the steel industry.

In conclusion, the steel companies are at a crossroads, with significant implications for the economy. Addressing the challenges posed by rising imports will require coordinated efforts between the industry and the government to foster a more resilient and competitive domestic steel sector.

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India’s Push for Green Steel Manufacturing

New incentives for green steel development.

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The Indian government is crafting a special incentive package aimed at accelerating green steel manufacturing within the country. Spearheaded by the Ministry of Steel, this initiative seeks to support India’s transition to sustainable industrial practices by encouraging the steel sector to adopt low-carbon production methods. Traditional steel production is highly energy-intensive and contributes significantly to carbon emissions, making decarbonization a priority as India advances its net-zero goals.

Key components of this incentive package include promoting green hydrogen and renewable energy sources for steel production, offering financial incentives and subsidies for companies investing in green technologies. Additionally, the package will support the establishment of electric arc furnaces, which are less carbon-intensive than traditional coal-based blast furnaces, allowing manufacturers to reduce their fossil fuel dependency.

This incentive aligns with India’s broader objectives to minimize its carbon footprint and lead by example in climate responsibility. The initiative supports the use of renewable power, carbon capture, and recycling to decrease emissions and create a more environmentally responsible steel industry. Green steel production, relying on hydrogen-based methods and scrap-based electric furnaces, also aims to reduce import dependency for critical resources like coal, enhancing energy security and resource efficiency within the industry.

Moreover, as global demand for green steel rises, this package positions Indian manufacturers to remain competitive in international markets that are increasingly enforcing low-carbon mandates. India’s steel industry—among the largest in the world—would benefit from such incentives, facilitating technological advancements and attracting foreign investment into the green steel sector. These incentives are also part of India’s commitment under the National Steel Policy and the Paris Agreement to develop a clean energy ecosystem and reduce overall emissions across sectors.

By encouraging innovative and sustainable practices, the government’s plan is expected to not only stimulate economic growth but also pave the way for a greener industrial future, contributing to India’s stature as a global leader in sustainable steel manufacturing.

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