I don’t believe this article has been posted yet? Though I may be wrong it’s been a few days.
An interesting read on India’s steel industry and how it conflicts with a broader push for decarbonisation. India’s steel industry as mentioned in the article is more polluting on average than the world at large and with the threat of Europe’s new CBAM hanging overhead, there is worries about decarbonising vs profitability. As it stands, it simply is not profitable for India to greenify its steel production however this may change in the future. Personally I think green steel could really become big, especially with the opening of the Simandou iron mines which promise vast quantities of higher grade iron than what is currently available, hopefully reducing the costs of green steel production.
At the same time, the steel industry is also a highly polluting one and it is reasonable for local residents to be concerned about new steel plants in the area. (I wish they would extend that concern to crop burning which contributes so much to the nation’s pollution but that’s a different matter.) While economic development is obviously necessary, you do not want a case like Gabes in Tunisia where the industry poisons the land and the people and leads to much worse long term outcomes. Hopefully technological improvements and adaptations push our steel production to be cleaner, both for the world and ourselves.
!ping ECO
teethgrindingaches on
Bad headline. If all India wanted was steel without steep financial or environmental costs, they would just import it from China. India doesn’t want cheap steel; it wants a domestic steel industry (not without reason, mind you).
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[archive link](https://archive.is/20251126234101/https://www.ft.com/content/c9f4b3af-b72e-4402-a678-77df4b7fa0a7)
I don’t believe this article has been posted yet? Though I may be wrong it’s been a few days.
An interesting read on India’s steel industry and how it conflicts with a broader push for decarbonisation. India’s steel industry as mentioned in the article is more polluting on average than the world at large and with the threat of Europe’s new CBAM hanging overhead, there is worries about decarbonising vs profitability. As it stands, it simply is not profitable for India to greenify its steel production however this may change in the future. Personally I think green steel could really become big, especially with the opening of the Simandou iron mines which promise vast quantities of higher grade iron than what is currently available, hopefully reducing the costs of green steel production.
At the same time, the steel industry is also a highly polluting one and it is reasonable for local residents to be concerned about new steel plants in the area. (I wish they would extend that concern to crop burning which contributes so much to the nation’s pollution but that’s a different matter.) While economic development is obviously necessary, you do not want a case like Gabes in Tunisia where the industry poisons the land and the people and leads to much worse long term outcomes. Hopefully technological improvements and adaptations push our steel production to be cleaner, both for the world and ourselves.
!ping ECO
Bad headline. If all India wanted was steel without steep financial or environmental costs, they would just import it from China. India doesn’t want cheap steel; it wants a domestic steel industry (not without reason, mind you).