Fuelling speciality steel production: How is India's ferro alloys sector contributing to Vision 2030?

India's steel industry is briskly scaling up, bolstered by significant infrastructure development, evolving demographic needs, and resilient macroeconomic fundamentals. Steel consumption is set to grow at a CAGR of 8-10%, while crude steel production is projected to double to 290 million tonnes (mnt) by 2035, increasing the nation's share in global production to 14% from the current 7%.

While Indian steelmakers already have a firm grasp over basic grades, a vital gap remains in the availability of value-added steel critical for meeting rapidly growing defence, railways, and automotive needs. To address supply constraints, India is making swift strides towards self-sufficiency through domestic production of value-added steel a