Draft National Steel Policy 2047 Targets 604 MT Capacity – What It Means for Forging Suppliers

Policy Overview and Industry Implications

The draft National Steel Policy 2047 envisions a total installed capacity of 604 million tonnes by 2047, with domestic demand projected at 505 million tonnes. It emphasizes expanding high‑value steel products, encouraging downstream integration, and increasing the share of value‑added processes such as forging and precision rolling. For OEMs and forging houses, the push toward higher‑grade alloys and tighter tolerances will boost demand for specialty ingots capable of withstanding open‑die forging, ring rolling, and upsetting operations.

Supply‑Side Shifts and Grade Selection

As the policy incentivises supply‑chain modernisation, manufacturers will seek grades that balance strength, weldability and fatigue resistance. Alloys such as 42CrMo4, EN8 and C45 are likely to see stronger orders for automotive power‑train components and heavy‑engineering gearboxes. Buyers should confirm that suppliers can deliver consistent chemistry and heat‑treatment records for these critical grades.

Kesari Alloys Perspective

Kesari Alloys, operating from Bhiwadi, Rajasthan, is well‑placed to support the policy’s thrust on high‑value forging steels. Its portfolio of forging ingots spans carbon, alloy and stainless families, suitable for open‑die and ring‑rolling applications the new policy seeks to expand. The company also offers continuous cast billets and blooms, enabling customers to streamline the melt‑to‑forging transition while maintaining tight tolerances. For buyers looking for a reliable "alloy steel forging ingots manufacturer in India", Kesari’s long‑standing presence since 1987 and broad grade coverage provide a dependable sourcing option.