The year 2030 holds paramount significance for India’s steel industry, with the government ambitiously targeting an increase in installed steel-making capacity to 300 MT – This involves adding approximately 80 MT of steel production capacity, with 66% expected to come from the Blast Furnace-Basic Oxygen Furnace (BF-BOF) route

According to the World Steel Association (worldsteel), construction is one of the most important steel-using industries, accounting for over 50% of world steel demand

Furthermore, the International Energy Agency (IEA) estimates that direct CO₂ emissions due to crude steel production is approximately 1.4 tonnes of CO₂ per tonne steel produced

Globally, the steel industry consumes 5.9 % of global energy and emits 6-9 % of global CO₂ emissions. Cutting the requirement for new steel by better protecting that in use will reduce that impact