India, May 19 -- India's planned steel capacity expansion could lock in $1.2 trillion of coking coal imports over 40 years.

This could lead to 19.5 gigatonnes of CO2 emissions.

Green hydrogen-based steel offers more resilient, low-carbon path.

India's planned expansion of steelmaking capacity could lock the country into nearly $1.2 trillion in coking coal imports and 19.5 gigatonnes of carbon dioxide emissions over the next 40 years, even as green steel production becomes cost competitive by 2030, according to a new report.

India, the world's second largest crude steel producer with 149 million tonnes of output in 2024, plans to expand installed steelmaking capacity to 300 million tonnes by 2030-31 from around 200 million tonnes in 20...