From Financialexpress · FE Bureau · · 1m
Finance Minister Invites World Steel Association to Set Up India Office
Finance Minister Nirmala Sitharaman urges World Steel Association to establish India office to boost global steel demand and decarbonisation.
In brief
Finance Minister Nirmala Sitharaman urges World Steel Association to establish India office to boost global steel demand and decarbonisation. Finance Minister Nirmala Sitharaman invited World Steel Association to set up an India office to address growing steel demand and decarbonisation needs. Originally reported by…
Finance Minister Invites World Steel Association
Finance Minister Nirmala Sitharaman urged the World Steel Association to open an office in India.
“As Worldsteel enters its 60th year, I would invite the association to consider establishing an office in India”
India's Growing Steel Demand
India's steel sector expanded despite global output contraction with 165 million tonne production in 2025.
Decarbonisation Focus
Sitharaman called for greater focus on decarbonisation and resilient supply chains for global industry growth.
Speciality Steel Opportunity
India's historical wootz steel tradition offers opportunity for specialty steel production growth.
“Specialty steel is, in that sense, a return to an old Indian competence”
Infrastructure Push
Government infrastructure spending targets 12.2 lakh crore for 2026-27 capital expenditure.
Next Steps for Steel Industry
India aims to boost steel production through scrap-based steelmaking and green hydrogen technologies.
Here's the gist
Finance Minister Nirmala Sitharaman invited World Steel Association to set up an India office to address growing steel demand and decarbonisation needs.
