India's Steel Sector Embraces Green Transition at Minerals & Metals Forum
Key Ideas
  • India's steel industry is at a critical juncture as it navigates climate targets, emphasizing the need for green steelmaking and circular economy models.
  • Industry leaders at the 14th India Minerals & Metals Forum highlighted the importance of adopting low-emission technologies like hydrogen-based steelmaking for a sustainable future.
  • The event underscored the significance of policy support, investment, and innovation in driving India towards a greener and more efficient steel sector.
  • Speakers emphasized the urgency of transitioning to green steel production today to achieve a sustainable and environmentally responsible tomorrow.
India's steel sector is undergoing a significant transformation as it grapples with the challenges of meeting climate targets. The 14th India Minerals & Metals Forum, hosted by the Indian Chamber of Commerce in New Delhi, served as a pivotal platform for industry leaders to discuss the transition towards green steelmaking and circular economy practices. With the global steel sector being a major contributor to CO₂ emissions, experts stressed the need for immediate adoption of low-emission technologies, particularly highlighting the potential of hydrogen-based steelmaking. The forum showcased case studies from other countries to demonstrate the feasibility of policy-driven green transitions, encouraging India to follow suit. Key figures in the Indian steel industry, including Abhyuday Jindal and V.R. Sharma, emphasized the importance of policy support, investment, and innovation in realizing India's vision for a low-carbon industrial future. The event underscored the critical role of platforms like the Minerals & Metals Forum in translating industry intent into actionable steps towards sustainability. Discussions also touched upon reducing carbon footprints in non-ferrous metals and the regulatory implications of measures like Carbon Border Adjustment Mechanism (CBAM) on future industry practices. Overall, the sentiment at the forum was positive, with a collective call to embrace green steel production today to secure a sustainable tomorrow.
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