India BF-BOF Route Will Hold Over 55% Share in Crude Steel Production by 2030

India’s crude steelmaking capacity is expected to increase to 300 million tonnes (mnt) by FY’30, according to the government’s National Steel Policy (NSP), 2017. Some industry experts believe that the target is a little overambitious, although almost all estimates agree that capacity is likely to reach close to 300 mnt by that time. SteelMint estimates that the blast furnace-basic oxygen furnace (BF-BOF) route is likely to account for 56% of the country’s steelmaking capacity by FY’30, up from an estimated 46% in FY’22.