Q1. With reference to the Ministry of Steel year-end performance figures for FY 2025-26 highlighted on 7 May 2026, consider the following statements:\n1. Finished steel production in FY 2025-26 was 160.9 million tonnes, marking a 9.7 per cent year-on-year increase.\n2. Crude steel output rose 10.7 per cent year-on-year to about 168.4 million tonnes, and India became a net steel exporter for the year.\n3. India's installed steel capacity in FY 2025-26 already crossed the National Steel Policy's 300 million tonnes per annum target.\nWhich of the statements given above are correct?
Explanation
Statements 1 and 2 are correct. Statement 3 is incorrect: India's installed steel capacity in FY 2025-26 was about 220 MTPA, on track for, but well below, the 300 MTPA National Steel Policy target for 2030.
