What the 2047 draft actually says
The Ministry of Steel released the draft National Steel Policy Vision 2047 on October 12, and it is open for comments until October 30. It replaces the 2017 policy. The headline target is 604 million tonnes of crude steel capacity by 2047 against roughly 220 million tonnes today, with an intermediate step of 294 million tonnes by 2030.
The numbers in the draft
Crude steel production of 531 million tonnes and finished steel demand of 505 million tonnes by 2047, with exports at 45 million tonnes.
Per capita consumption rising to 302 kg, from about 116 kg now.
Emission intensity falling to 1.54 tonnes of CO2 per tonne of crude steel, from 2.54.
Iron ore demand of 772 million tonnes by 2047 against about 299 million tonnes in 2025, with slurry pipeline capacity expanding from roughly 18 million tonnes a year to more than 299 million.
What it says about everyone else
The draft names the secondary steel sector directly: around 2,550 units accounting for close to 47% of India's crude steel capacity, with measures proposed to strengthen them.
On imports, it proposes AI-led detection of sub-standard steel entering the country, alongside existing trade remedy routes.
On coking coal, it proposes cutting import dependence through domestic mining, more coal washeries, overseas assets and long-term supply agreements.
Why the window matters
Capacity figures make the headlines, but the clauses that decide daily operations are the ones on secondary units, import monitoring and raw material access. Those are editable until October 30. After that the document moves toward final form, and the next opportunity to shape it is implementation rather than drafting. Associations file collective responses; individual producers can file their own.