The Ministry of Steel in India is actively shaping a global strategy for the steel sector in its year-end review for 2024. The focus is on aligning India's steel industry with international best practices by emphasizing raw materials, investments, technology, and exports. The ministry aims to position India as a global leader in steel production and exports through partnerships and international collaborations. Key initiatives like the Green Steel Mission and the Production Linked Incentive (PLI) Scheme for Specialty Steel are being utilized to enhance sustainability, foster domestic manufacturing, and ensure steel quality in India. The 'Green Steel Mission' spearheaded by the ministry aims to promote decarbonization in the steel industry with an estimated outlay of Rs15,000 crore. This mission includes incentives for renewable energy use, a PLI Scheme for Green Steel, and mandates for purchasing green steel. The ministry is also supporting the initiative through the National Green Hydrogen Mission, allocating funds for pilot projects in the steel sector. Developments under the Green Steel Mission include a roadmap for decarbonization, the launch of a Taxonomy for Green Steel, and the Steel Scrap Recycling Policy. The government's efforts to reduce imports and boost domestic steel manufacturing are evident through the PLI Scheme for Specialty Steel. This initiative has attracted significant investments, generated jobs, and facilitated the production of speciality steel. Policy measures like duty exemptions on ferrous scrap and efforts to diversify sources of coking coal through partnerships and exploration missions are strengthening the domestic steel industry. These initiatives showcase India's commitment to green innovation, sustainability, and global leadership in the steel sector.