This summit is meticulously designed to navigate through the dynamic landscape of demand-supply dynamics, policy transformations, and their consequential impacts on the market. Moreover, it aims to scrutinize India’s journey towards decarbonization while offering insightful discussions on global iron ore market dynamics. Anticipated discussions will revolve around the future trajectory of iron ore and pellet production, imports, exports, and prices, providing attendees with a comprehensive outlook on the industry’s direction.

Steel has played a pivotal role in driving India’s economic growth, contributing significantly to the country’s GDP. The outlook for the Indian steel industry remains strong, driven by rising demand in key sectors such as infrastructure development, automotive manufacturing, and construction. In parallel, India’s Direct Reduced Iron (DRI) capacity is also on the rise.

The DRI sector is projected to grow at a compound annual growth rate (CAGR) of 6% by 2030, with expected annual production reaching between 65 to 70 million tonnes by FY’30. As DRI capacity expands and production technologies improve, India is well-positioned to capitalize on emerging export opportunities. 
Additionally, the global scrap market is constantly evolving, influenced by geopolitical shifts, trade policies, and environmental regulations, opening new avenues for Indian mills to import scrap from diverse sources. As India increases its steel scrap imports, it strengthens its potential to become a dominant force in the global steel industry, further fueling its economic development.

India and China, the world’s largest developing economies and top coal consumers, are currently addressing energy transition challenges by pursuing "multiple energy pathways" to reduce carbon emissions, rather than opting for an outright coal phase-out.

As one of the fastest-growing economies globally, India maintains that coal will continue to be a vital energy source at least until 2040, given its affordability and the fact that demand has not yet reached its peak. In this context, government officials have consistently emphasized the ongoing importance of coal.