Govt support will spur industry to shift to low-carbon steel: Sajjan Jindal

The JSW group CMD says steel industry has a crucial role to play in India's pledge to Net-Zero by 2070

The capital cost of setting up new steel plants and shuttering old ones will be a major barrier in the change to low-carbon steelmaking even as prices of renewable electricity and green hydrogen are falling fast, said JSW group chairman and managing director, Sajjan Jindal.

Jindal, however, noted that the steel industry has a crucial role to play in India’s pledge to Net-Zero by 2070.

Addressing the Minerals, Mining and Metals e-Conclave’ organized by the Bengal Chamber of Commerce & Industry (BCC&I), he said, the steel industry accounts for 0.7 per cent of the world’s economic output, the industry also