Piyush Goyal sets 500 mn tonnes domestic steel production target by 2034

Commerce and Industry Minister Piyush Goyal on Thursday suggested discussions on carbon border adjustment tax with top steel industry leaders to promote sustainable manufacturing in the sector. He also asked the industry to target 500 million tonnes steel production by 2034. At present, the industry is eyeing 300 million tonnes by 2030. He urged the industry leaders to focus their energy on economies of scale through decarbonisation as green steel will be in more demand.