📷 Image: Wikimedia Commons / MoE of India
Business
India unveils new steel policy to foster circular economy and value addition
✍️ TradingView
🗓 18 Oct 2026, 06:31 AM
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The government announced a steel sector policy aimed at promoting recycling and higher value‑addition in the industry.
The Ministry of Steel has rolled out a fresh policy framework designed to embed circular‑economy principles within the Indian steel sector. The guidelines encourage greater use of scrap metal, promote recycling technologies, and aim to reduce reliance on virgin raw material.
Key objectives of the policy include stimulating domestic value addition by offering incentives for downstream processing, modernising production lines, and fostering innovation in steel applications. By aligning economic growth with sustainability, the government seeks to enhance the sector’s competitiveness on the global stage.
Industry stakeholders have welcomed the initiative, noting that it dovetails with broader environmental targets and could open new avenues for investment in green steel technologies. The policy is expected to be implemented over the coming months, with detailed regulations to follow.
Key objectives of the policy include stimulating domestic value addition by offering incentives for downstream processing, modernising production lines, and fostering innovation in steel applications. By aligning economic growth with sustainability, the government seeks to enhance the sector’s competitiveness on the global stage.
Industry stakeholders have welcomed the initiative, noting that it dovetails with broader environmental targets and could open new avenues for investment in green steel technologies. The policy is expected to be implemented over the coming months, with detailed regulations to follow.