ArcelorMittal Nippon Steel India (AM/NS India) - a joint venture between ArcelorMittal and Nippon Steel, two of the world's leading steelmakers - presents a series of actions in favor of accelerated, low-carbon development in India.

AM/NS India aims to reduce emissions intensity by 20% by 2030, with a roadmap of actions across the entire steel production value chain.

These include boosting renewable energy to meet 100% of the grid's electricity needs, and doubling the recycling of steel scrap through new and improved supply and processing facilities.

The report highlights a pivotal moment for India's steel sector as the country targets a $5 trillion economy and the world's third largest economy by 2026-2027.

' As our company and our country grow, we are committed to meeting the challenge of decoupling development and emissions. Without transforming steel production, research indicates that growing demand could lead to a 200% increase in emissions from the sector by 2050', commented Aditya Mittal, Chairman of ArcelorMittal Nippon Steel India (AM/NS India).

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