The importance of steel in supporting India’s growth will increase with economic development, infrastructure build-out, and urbanization in India. The emissions from the sectors are estimated to grow by 200 percent by 2050. This requires decarbonizing the steel industry to ensure India meets its economic ambitions and climate mitigation goals. This report identifies five key levers to decarbonize steel: the use of green hydrogen for steel production; the introduction of a more significant share of renewable electricity in captive electricity consumption; carbon capture, utilization, and storage (CCUS) to decarbonize existing carbon-intensive steel production processes; greater use of scrap to make steel; and increasing energy efficiency across steel production processes.