Steel Sector
India is the world's second-largest steel producer. The sector is dominated by blast furnace (BF-BOF) production, which is carbon-intensive at ~2.0-2.7 tCO2e per tonne of crude steel. Direct reduced iron (DRI-EAF) is a lower-carbon alternative used by some producers.
22
Companies
235.94 Mt
Total Scope 1
16.90 Mt
Total Scope 2
Steel Companies
Tata Steel Limited
66.00 Mt
Steel Authority of India Limited
56.98 Mt
JSW Steel Limited
54.75 Mt
Jindal Steel & Power Limited
36.32 Mt
ArcelorMittal Nippon Steel India
16.92 Mt
Shyam Metalics and Energy Limited
5.60 Mt
Jindal Stainless Limited
3.58 Mt
Lloyds Metals and Energy Limited
3.36 Mt
Jindal SAW Limited
1.96 Mt
Sunflag Iron and Steel Company Limited
1.70 Mt
Godawari Power and Ispat Limited
1.70 Mt
Tata Metaliks Limited
945.0 kt
Mukand Limited
630.0 kt
Welspun Corp Limited
600.0 kt
Kalyani Steels Limited
589.0 kt
Usha Martin Limited
370.0 kt
Mishra Dhatu Nigam Limited (MIDHANI)
236.0 kt
Vardhman Special Steels Limited
225.0 kt
KIOCL Limited
174.0 kt
APL Apollo Tubes Limited
155.0 kt
Ratnamani Metals & Tubes Limited
39.0 kt
Rashtriya Ispat Nigam Limited (Vizag Steel)
Why This Matters: CBAM
The EU's Carbon Border Adjustment Mechanism (CBAM) imposes a carbon cost on steel imports. In 2026, 2.5% of embedded emissions are charged at ~EUR 75/tCO2e. By 2034, it's 100%. India has no qualifying carbon price, so Indian steel exporters face the full CBAM cost.
Example: 1,000 tonnes of HR coil (BF-BOF) at 2034 rates = ~EUR 150,000 in CBAM costs (~INR 1.4 crore).