New Delhi, Oct. 12 -- India envisages a near threefold expansion in crude steelmaking capacity to 604 million tonnes (MT) by 2047 and raise finished steel demand to 505 MT, while reducing dependence on imported coking coal, according to the draft National Steel Policy - Vision 2047.

The policy framework projects per capita steel consumption rising to 302 kg from the current 116 kg. India's crude steel production has already increased from 89 MT in 2014-15 to 170 MT in 2025-26, while installed steelmaking capacity has reached approximately 220 million tonnes per annum (MTPA).

India's crude steel production rose from around 89 MT in 2014-15 to 170 MT in 2025-26, while finished steel consumption increased from 77 MT to 164 MT, the draft sa...