New Delhi, Jan. 29 -- The Indian steel industry will be looking for two key announcements from finance minister Nirmala Sitharaman in the upcoming Union budget - continued investment in infrastructure and a safeguard duty on the import of the alloy.

Steelmakers will also be looking for budgetary announcements around green steel, including incentives and enabling measures that nudge the industry towards higher sustainability.

Large domestic steelmakers including JSW Steel, Tata Steel, Jindal Steel & Power and ArcelorMittal Nippon Steel India are aggressively adding fresh capacities in anticipation of a healthy demand growth as the Indian economy marches ahead. The government is aiming for a domestic manufacturing capacity of 300 million ...